European stocks fall amid anticipation of Fed’s decision ‎

European stocks fell today, Wednesday, from their highest levels in nearly a week, which they touched in the previous session, amid investors’ anticipation of the Federal Reserve (US Central Bank) decision on interest rates.

According to “Reuters”, the European Stoxx 600 index fell 0.4 percent by 0814 GMT.

The index rose more than 1 percent on Tuesday as weaker-than-expected US inflation data boosted stocks worldwide, boosting hopes that the Federal Reserve will scale back interest rate hikes.

Most of the sectors recorded on the STOXX 600 index declined on Wednesday. The travel and leisure sector shares fell 1.1 percent to lead, followed by the technology sector, which fell 0.8 percent.

Energy sector shares rose 0.3 percent, and banking sector shares also rose

Although TUI, the world’s largest holiday company, made profits in the last fiscal year, the shares of the company listed on the London Stock Exchange fell 4.8 percent, to be the biggest loser on the Stoxx 600 index.