European stocks traded cautiously Wednesday as investors await the U.S. Federal Reserve’s interest rate decision and monitor developments ahead of the weekend’s U.S.-China trade tariff deadline.
The pan-European Stoxx 600 moved slightly higher in afternoon trade to close provisionally 0.22% higher, with utilities and basic resources leading gains.
The Fed’s final interest rate decision of the year is due later in the day stateside, with the central bank widely expected to hold rates steady.U.S. stocks rose slightly on Wednesday.
Meanwhile traders are also keeping a keen eye on discussions between the U.S. and China ahead of Sunday’s planned implementation of an additional 15% tariffs on around $160 billion in Chinese exports to the U.S.