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European Shares Flat ahead of Fed Rate Decision

European Shares Flat ahead of Fed Rate Decision

European shares were flat today, as investors stayed on the sidelines ahead of an all-important interest rate decision by the US Federal Reserve that could mark the beginning of a monetary-easing cycle in the world's largest economy. The pan-European STOXX 600 index, was down 0.1 % at 516.84 points, led by losses in healthcare shares. The Danish drugmaker's shares were down 2%. Technology shares also pulled the markets down with a 0.5% fall while miners slipped 0.5 %. Reckitt Benckiser advanced 2.3 % following reports that the consumer goods giant launched early discussions with potential suitors for a sale of its homecare assets, which could be worth more than 6 billion pounds ($7.89 billion). Source: Oman News Agency