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Wall Street stocks followed London lower on Wednesday ahead of the latest Federal Reserve meeting this evening.
London stocks outperformed in European trading on Tuesday, hitting record highs, as stocks in the euro zone lagged despite upbeat economic data pointing to slowing inflation and better-than-expected economic growth. London’s FTSE 100 advanced 0.5% while the Paris CAC 40 lost 0.1%. “The FTSE 100 has set off on a climb higher, nudging ahead again on a record-breaking run,” said Susannah Streeter, an analyst at broker Hargreaves Lansdown.
Consumer price inflation across the eurozone remained at 2.4% in the year to April, matching March’s reading.