Economic news

European stocks dip ahead of central banks meetings

European shares were mostly lower on Wednesday despite rise on Wall Street and in Asia-Pacific region as investors waited for a U.S. Federal reserve meeting today and Swiss National Bank, Bank of England and European Central Bank rate meetings on Thursday.

The pan-European STOXX 600 lost 0.1 percent.

The FTSE 100 index ticked up 2 points to 7,502.26 after sliding into the red in early trading.

Germany's DAX was down 0.3% at 13,151.20 and France's CAC 40 slumped 0.2% to 5,413.84.

The rate at which major central banks plan to tighten and standardize monetary policy is a main factor in keeping the current bull market next year. Likely higher U.S. interest rates will boost banks stocks.

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