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The pan-European STOXX 600 index edged 0.02% lower in early trading, tracking a cautious mood in Asian markets.
The Fed’s view on its monetary policy stance will be closely watched after a recent run-up in Treasury yields stoked concerns about higher inflation as the economy rebounds from pandemic lows. The U.S. central bank’s policy statement and economic forecasts are due at 2 p.m. EDT (1800 GMT).
BMW rose 1.9% after it said it expects a significant year-on-year increase in group pre-tax profit in 2021 as it forecast a strong performance in all of its segments.
Automakers gained 0.8% to lead sectoral gains, while travel & leisure, oil & gas and miners led the decliners.
Credit Suisse (SIX:CSGN) slipped 0.5% after Kepler Cheuvreux downgraded the Swiss lender to “hold”, citing concerns about the the Greensill case.
