Fundamental Comment

European stocks mixed ahead of Fed decision, earnings eyed

European stocks mixed ahead of Fed decision, earnings eyed

European stock indexes were mixed in early trading on Wednesday, ahead of the announcement of the US monetary policy decision and as companies continue to announce their earnings.

As of 08:27 GMT, the Euro Stoxx 50 index dipped 0.22 percent to trade near 2,925.26 points.

Britain’s FTSE 100 Index ascended to 5,994.20 points, bringing its rise today to about 0.60 percent.

German DAX 30 index rose nearly 0.13 percent and now settles near 10,811.15 points, while French CAC 40 reached 4,566.51 points, down 0.08 percent.

Global markets are waiting for the outcome of the US Federal Reserve's monetary policy meeting later in the day, with expectations that there will be no change in interest rates, which currently stands at 0.25 percent.

But investors are looking ahead to the US central bank's view of the current economic situation and the outlook for monetary policy.

Investors are also closely watching the earnings results of Airbus, Deutsche Bank, Barclays, GSK, Standard Chartered and Volkswagen later in the day.

The final eurozone consumer confidence data for April is due in the coming hours of the day.

In Asia, stocks indices ended trading on Wednesday on a mass rally supported by news from the trend of governments to ease closures in a number of countries, along with positive economic data issued in Australia and New Zealand.

In Hong Kong, the Hang Seng Index increased by 0.28 percent to 24,643.59, while the Shanghai Composite Index closed 0.44 percent down at 2,822.44.

Australia’s S&P/ASX 200 finished 1.51 percent up at 5,393.40, and South Korea’s Kospi index ascended 0.70 percent to 1,947.56.

Meanwhile, the dollar index, which measures the performance of six major currencies against the US dollar, dropped 0.26 percent at 99.67.

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