(Reuters) – European share prices fell from their six-week peak on Wednesday, as America and its allies feared that Russia would be economically isolated further by imposing additional sanctions to boost global inflation.

Pan-European stocks fell 0.3% as Wall Street and Asia stocks were also affected by concerns about an aggressively hawkish U.S. Federal Reserve. [MKTS/GLOB]

The index was hampered by technology and stocks that are consumer-friendly.

Worries about slowing growth are raised by Wednesday’s data showing that German industrial orders declined more than anticipated in February due to weaker foreign demand, rising energy prices, and uncertainties related to the Ukraine war.

Vestas, a Danish manufacturer of wind turbines, fell 2.3% among individual stocks after the company said it would be withdrawing from Russia. The firm owns two factories in Russia.

French stocks plunged 0.3% on Tuesday, marking the worst session for nearly a month.

Marine Le Pen was defeated by President Emmanuel Macron during France’s presidential election. Le Pen won the first round, April 10, but lost on April 24. A poll revealed that Le Pen had gained ground over recent weeks.