STOXX 600 flat ahead of Fed decision, Renault jumps
- European stocks were little changed on Wednesday as caution prevailed ahead of the Federal Reserve's policy decision and outlook, outweighing a rise inFood & beverage and healthcare stocks declined 0.4% and 0.3%, respectively.
Meanwhile, the Fed is widely expected to cut rates by 25 basis points later on Wednesday, in what some observers are calling a"hawkish cut", set to be delivered alongside policymakers' updated interest rate outlooks and economic forecasts.) jumped 3.7% after Italian bank UniCredit said it had raised its potential stake in the German lender to 28% by signing new derivatives contracts.
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