Spain's Ibex-35 Stock Exchange on Wednesday lead losses throughout Europe as 0.69 percent was knocked off share values.

The Ibex-35 began trading on 10,409.80 points but slipped below 10,400 points shortly after 10 a.m. and shares fell slowly but surely all day with only a timid late rally lifting them to the closing value of 10,338,10.

One of the main causes of the lack of confidence on Wednesday was the uncertainty over what could happen in the Federal Reserve conference which will start in Jackson Hole on Thursday, while declarations from European Central Bank President, Mario Draghi, who will participate in the conference, gave little away as to what to expect in Jackson Hole.

Cellnex Telecom shares rose by 2.44 percent, but no other company saw its share values raise by over 0.25 percent. Uncertainty over the Spanish travel sector in the wake of last week's terrorist attacks affected hotel group Melia, whose shares lost 2.07 percent of their value. Airline group IAG had 1.38 percent knocked off shares.