Economic news

European stocks slip before U.S. Fed meeting

European stocks dipped on Wednesday, with traders remained cautious ahead of widely anticipated Fed policy decision for March.

Photo: Reuters

The Stoxx Europe 600 index sank 0.2% to 374.68.

Germany’s DAX 30 lost 0.2% to 12,282.75 and France’s CAC 40 index declined 0.3% to 5,236.01. The UK’s FTSE 100 index inched down 0.3% to 7,040.83.

Experts believe that Fed may take a more aggressive stance in terms of normalizing monetary policy.

Kingfisher dropped 8.2% after the company reported a 10% fall in pre-tax profits to £682m for the year to January.

Shares of Hermes International SCA rose more than 3% as company said its net profit for 2017 increased 11%.


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