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European indices trade with gains ahead of US Federal Reserve's rate decision
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European indices trade with gains ahead of US Federal Reserve's rate decision
Sep 20, 2023 4:10 AM

European markets traded in the green on Wednesday. The British FTSE was last trading 0.57 percent higher. French CAC was trading with marginal gains, while the biggest European market by volume, German DAX was trading 0.43 percent higher.

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The Wall Street indices ended lower, but off lows, in the previous session. Dow ended 0.3 percent lower, while S&P and Nasdaq closed 0.2 percent lower each. Out of the 11 major sectors of the S&P 500, nine ended in the red. Energy and consumer discretionary registered the largest percentage declines.

Disney shares ended lower despite the company's announcement about investment plans for theme parks.

The US 10-year yield rose to 4.36 percent ahead of Federal Reserve's key interest rate decision. The US two-year and 10-year yields close at highest levels since 2006 and 2007, respectively.

The European markets are also taking cues from their Asian counterparts. Japan's Nikkei was last trading 0.66 percent lower, while China's Shanghai Composite and Hong Kong's Hang Seng were trading 0.5 percent and 0.6 percent lower, respectively. China left its one-year and five-year loan prime rates unchanged.

Crude oil prices were last trading in the red. Brent crude oil was trading 1.13 percent lower at $90.17 per barrel. WTI prices, too, were trading 1.3 percent lower at $93.14 per barrel.

Catch the latest market updates with CNBC-TV18.com's blog

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