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6/13, 5:32 PM (Source: TeleTrader.com)
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Europe closes flat to higher ahead of Fed decision

Markets in Europe closed flat to higher on Wednesday as investors awaited the United States Federal Reserve's monetary policy decision due later in the day. The central bank is expected to raise key interest rates by 0.25 points for the second time this year. Meanwhile, traders digested industrial production and employment data from the Eurozone.

The DAX rose 0.38%. Lufthansa led the gains as the airline's shares jumped 3.25%.

The FTSE 100 and the CAC 40 closed flat.

The euro was up 0.29% against the dollar to go for 1.1780 at 5:33 pm CET.

Breaking the News / NP