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Stock indices traded little changed as investors are awaiting the results of the Fed's monetary policy meeting. Investors are awaiting signs when the Fed will start to hike its interest rate. It is unlikely that the Fed will start to raise its interest rate in June as the recently released U.S. economic data was weaker than expected.
The Greek debt focus remains in focus. Greek Prime Minister Alexis Tsipras said on Tuesday that he expects an agreement between Greece and its creditors could be reached within two weeks. He also said that he would could a referendum if creditors insisted on demands deemed unacceptable by his government.
Tsipras reshuffled his team negotiating with European and IMF creditors on Monday. Deputy Foreign Minister, Euclid Tsakalotos, was appointed co-coordinator of the team.
The European Commission released its economic sentiment index for the Eurozone on Wednesday. The index declined to 103.7 in April from 103.9 in March, missing expectations for a rise to 104.1. It was the first decline in five months.
The European Central Bank (ECB) released its M3 money supply figures on Wednesday. M3 money supply rose 4.6% in March from last year, exceeding expectations for a 4.2% gain, after a 4 % increase in February.
On a yearly basis, M3 money supply in the Eurozone climbed to 4.1% from 3.8% in the period from December to February.
Loans to the private sector in the Eurozone increased 0.1% in March from the last year, in line with expectations, after a 0.1% decline in February. It was the first increase since March 2012.
The rise was driven by ECB's quantitative easing.
Name Price Change Change %
FTSE 100 7,034.78 +4.25 +0.06 %
DAX 11,808.8 -2.86 -0.02 %
CAC 40 5,166.85 -6.53 -0.13 %