European stocks close mixed as investors monitor Fed meeting; auto stocks rise
Wednesday, 19 June 2019 23:24 WIB |
MARKET UPDATE |Federal ReserveIndeks Stoxx Europe 600SahamEropa
European stocks ended the session little changed on Wednesday ahead of a much-anticipated U.S. Federal Reserve decision on interest rates.
The pan-European Stoxx 600 hovered around the flatline at 384.77 in the end of the session , with sectors and major bourses mixed. Basic resources led the losses with a 1.5% decline while autos and bank stocks both rose around 1%.
In terms of individual stocks, German telecommunications company 1&1 Drillisch topped the European blue chip index, with shares gaining 9.5% by the end of the session. It comes after the telecoms firm won spectrum in Germany™s 5G auction last week.
Stateside, stocks were also little changed as investors awaited news from the Federal Reserve, which is due to deliver its latest policy update at 7 p.m. London time.
Source : CNBC
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