European Stocks Close Mostly Lower Ahead of Fed Statement

European stocks finished lower on Wednesday with investors awaiting the outcome of the U.S. Federal Reserve policy meeting later today.

The STOXX Europe 600 index declined by 0.41% and closed at 425.08 points, with the mining sector leading the decline and losing 1.9%, while the auto sector continued to make gains and surged by 3.1%.

The French CAC40 index finished marginally lower by 0.01%, while the German DAX rose by 0.27%.

Meanwhile, the UK’s FTSE100 index fell by 0.60%.