European STOXX 600 Index fell 0.3%

European stocks fell on Wednesday, a day after strong gains thanks to Germany’s approval of a massive spending increase, while focus shifted to the Federal Reserve’s interest rate decision, according to Reuters.

The European STOXX 600 index fell 0.3%, with Germany’s blue-chip index also down 0.5%.

The basic resources sector led the sectoral losses, falling 0.7%, followed by the banking sector, which lost 0.5% after closing at an all-time high in the previous session.

The European Aerospace and Defense index, which has benefited from the prospect of increased defense spending, rose 0.7% to a record high.

The US Federal Reserve is widely expected to keep interest rates unchanged later today, and the Bank of England is also expected to issue a similar decision on Thursday.

The European Aerospace and Defense index, which has benefited from the prospect of increased defense spending, rose 0.7% to a record high. The US Federal Reserve is widely expected to keep interest rates unchanged later today, and the Bank of England is also expected to issue a similar decision on Thursday.