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European stocks close lower, cautious ahead of US interest rate decision

European stocks returned early gains and closed lower on Wednesday, amid the caution investors exercised ahead of the Federal Reserve’s decision on interest rate hikes.

The pan-European STOXX 600 index closed down 0.29% at 413.39 points, halting three days of gains that left it near seven-week highs.

The US central bank is set to raise its policy rate by 0.75 percentage points for the fourth time in a row on Wednesday, with some pricing in a smaller 0.50-point increase in December.

The personal and household goods, mining and technology sectors saw the biggest losses in Europe, with declines of between 1.3% and 1.8%.

  • In LONDON, the Financial Times index fell 0.58% to 7,144.14 points.
  • In FRANKFURT, the DAX index fell 0.61% to 13,256.74 points.
  • In PARIS, the CAC-40 index lost 0.81%, to 6,276.88 points.
  • In MILAN, the Ftse/Mib index appreciated by 0.03%, at 22,802.97 points.
  • In MADRID, the Ibex-35 index registered a drop of 0.38%, at 7,968.60 points.
  • In LISBON, the PSI20 index devalued 1.61%, to 5,734.11 points.

Source: CNN Brasil

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