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    Home > Finance > STOXX 600 flat ahead of Fed decision, Renault jumps
    Finance

    STOXX 600 flat ahead of Fed decision, Renault jumps

    Published by Global Banking & Finance Review®

    Posted on December 18, 2024

    1 min read

    Last updated: January 27, 2026

    The image illustrates the STOXX 600 index's flat performance as market caution prevails before the Federal Reserve's policy decision. Renault's significant stock surge amidst merger discussions with Honda and Nissan highlights key market movements in the automotive sector.
    STOXX 600 index performance remains stable as Fed decision looms - Global Banking & Finance Review
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    Quick Summary

    European stocks steady as STOXX 600 flat ahead of Fed decision. Renault jumps on merger talks, while FTSE 100 rises amid sterling pressure.

    STOXX 600 Holds Steady as Fed Decision Approaches, Renault Surges

    (Reuters) - European stocks were little changed on Wednesday as caution prevailed ahead of the Federal Reserve's policy decision and outlook, outweighing a rise in Renault on talks of a potential merger between carmakers Honda and Nissan.

    The pan-European STOXX 600 was trading flat by 0813 GMT.

    French carmaker Renault rose 6%, lifting automakers by 0.8%. The company owns a 36% stake in Nissan.

    Food & beverage and healthcare stocks declined 0.4% and 0.3%, respectively.

    Meanwhile, the Fed is widely expected to cut rates by 25 basis points later on Wednesday, in what some observers are calling a "hawkish cut", set to be delivered alongside policymakers' updated interest rate outlooks and economic forecasts.

    The UK's FTSE 100 rose 0.2% as sterling came under pressure ahead of the Bank of England's rate decision on Thursday.

    Commerzbank jumped 3.7% after Italian bank UniCredit said it had raised its potential stake in the German lender to 28% by signing new derivatives contracts.

    (Reporting by Sruthi Shankar in Bengaluru; Editing by Sonia Cheema)

    Key Takeaways

    • •STOXX 600 remains flat ahead of Federal Reserve decision.
    • •Renault shares rise 6% on merger talks with Honda and Nissan.
    • •Food & beverage and healthcare stocks see slight declines.
    • •FTSE 100 gains as sterling weakens before Bank of England decision.
    • •Commerzbank shares jump after UniCredit increases stake.

    Frequently Asked Questions about STOXX 600 flat ahead of Fed decision, Renault jumps

    1What is the main topic?

    The article discusses the STOXX 600's performance ahead of the Federal Reserve's decision and Renault's stock rise due to merger talks.

    2Why did Renault's stock rise?

    Renault's stock rose by 6% due to potential merger talks with carmakers Honda and Nissan.

    3How did the FTSE 100 perform?

    The FTSE 100 rose by 0.2% as sterling weakened ahead of the Bank of England's rate decision.

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