European stocks close mixed as investors monitor Fed meeting; auto stocks rise

Wednesday, 19 June 2019 23:24 WIB

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European stocks ended the session little changed on Wednesday ahead of a much-anticipated U.S. Federal Reserve decision on interest rates.

The pan-European Stoxx 600 hovered around the flatline at 384.77 in the end of the session , with sectors and major bourses mixed. Basic resources led the losses with a 1.5% decline while autos and bank stocks both rose around 1%.

In terms of individual stocks, German telecommunications company 1&1 Drillisch topped the European blue chip index, with shares gaining 9.5% by the end of the session. It comes after the telecoms firm won spectrum in Germany’s 5G auction last week.

Stateside, stocks were also little changed as investors awaited news from the Federal Reserve, which is due to deliver its latest policy update at 7 p.m. London time.

Source : CNBC


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