Market Overview

European stock markets opened with slight losses on Wednesday, as investors digested the latest corporate earnings and awaited the Federal Reserve's monetary policy announcement. The tension between India and Pakistan added to the market's cautious stance.

Index Performance

By 9:01 am CET, the French CAC 40 was down by 0.38%, with Sanofi leading the decline at 2.59%. The UK's FTSE 100 fell by 0.19%, impacted by a 3.43% drop in BT Group shares. Shortly after, the Euro Stoxx 50 decreased by 0.16%, with Infineon Technologies losing 2.46%. Germany's DAX remained unchanged.

Currency Movements

The euro and British pound showed little movement against the dollar, trading at $1.13712 and $1.33610 respectively around 8:57 am CET.