Europe: Mostly higher
LONDON: European stock markets traded mixed on Wednesday as investors waited for the US Federal Reserve to announce how quickly it plans to reel in its vast economic stimulus programme.
In afternoon trade, London's benchmark FTSE 100 index lost 0.19 per cent to 6,557.46 points, reversing earlier gains. Frankfurt's DAX 30 added 0.33 per cent to 8,625.07 points and Paris' CAC 40 rose 0.30 per cent to 4,157.89 points.
"Caution seems very much the watchword ahead of the Fed announcement," noted Ronnie Chopra, head of strategy at brokers Tradenext.
Meanwhile, the FTSEurofirst 300 was up 6.32 points, or 0.5 per cent at 1,258.95, by 1014GMT.
The Fed decision will not come until after European markets close around 1800 GMT but has dominated trade for the past week. Agencies