European equities fluctuated on Wednesday trading, after concerns emerged that a possible trade deal between China and the United States could be delayed, while investors are also awaiting the Fed's interest rate decision later in the day.
As of 08:19 GMT, the Euro STOXX 600 slumped 0.01 percent to 398.20, France CAC 40 was 0.17 percent up at 5,740.14 and Germany’s DAX descended 0.02 percent to 12,939.62.
In Britain, FTSE 100 plummeted 0.34 percent to 7,306.26.
Some of the optimism that spread in markets at the beginning of the week after statements from both sides about signing a trade agreement faded as a U.S. official said on Tuesday that the U.S. and China were continuing to work on the initial trade agreement, but it was less likely to be completed in time for the signing of the two leaders next month.
A Chinese source familiar with the matter told Reuters on Wednesday that US officials were still pushing for implementation, while Beijing was reluctant to commit to large numbers of agricultural purchases for a specific period.
On the other hand, investors will focus today on the Federal Reserve’s monetary policy decision, where market expect further easing.
Analysts are in favor of seeing an in interest rate cut by 25 basis point to 1.75 percent from the current 2.00 percent, with another 30 percent chance of another rate slash in December.
U.S. stock indexes fell Wednesday, with the Dow Jones Industrial Average dropping 0.07 percent to 27,071.4 points. The S&P 500 plunged 0.08 percent to 3,036.90 points, after recording an all-time high on Monday, while the heavy-tech NASDAQ index subtracted 0.59 percent to 8,276.8 points.
Spot gold edged up slightly by 0.13 percent to trade at $1492.69 an
ounce, while Brent crude oil and West Texas index slipped 0.54 and 0.11 percent