European markets higher ahead of Fed rate decision; Just Eat down 8%

European markets higher ahead of Fed rate decision; Just Eat down 8%


The pan-European Stoxx 600 index was 0.3 percent higher with most sectors moving into positive territory.

Looking at individual stocks, the Paris airports operator ADP rose more than 4 percent on after the government said it would prepare for a sale of some of the company’s assets. The company was leading the gains in Europe. Meanwhile, Just Eat dropped more than 8 percent after the rival company Deliveroo said it is to let restaurants use their own riders.

All eyes were on the Fed Wednesday, as the central bank concludes its two-day June meeting. The Fed is widely expected to announce a rate hike, but investors will also be looking for clues on the path of rate hikes this year. The Fed’s monetary committee will release a statement and economic projections at 2 p.m. ET (7 p.m. London time), followed by a press conference.

The European Central Bank and Bank of Japan are holding meetings on Thursday and Friday this week, respectively.



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