In European Equity Markets indices were higher Wednesday, as investors waited for the latest monetary policy decision from the U.S. Federal Reserve. The pan-European Stoxx 600 index was 0.3 percent higher with most sectors moving into positive territory. Paris airports operator ADP rose more than 5 percent on after the government said it would prepare for a sale of some of the company’s assets. Just Eat fell around 7 percent after the rival company Deliveroo said it is to let restaurants use their own riders.

In Currency Markets the US dollar was weaker against the euro but rose against some emerging market currencies and hit a three-week high against the yen on Wednesday as investors braced for what is expected to be the Federal Reserve’s second interest rate increase of 2018. The dollar was flat at 110.39 yen after earlier hitting a three-week high at 110.71 yen. Among emerging market currencies, the Turkish lira was down 1 percent at 4.646 lira per dollar, while South Africa’s rand firmed 0.2 percent to 13.300 rand per dollar.

In Commodities Markets oil prices edged higher on Wednesday, turning positive after U.S. government data showed a bigger weekly draw than expected in domestic crude inventories along with unexpected declines in gasoline and distillate stocks. Earlier in the session, Brent and U.S. crude had retreated on concerns about rising production in the United States and expectations that OPEC and other producers could relax voluntary output cuts. Brent crude was up 53 cents at $76.41 a barrel. U.S. light crude was up 10 cents at $66.46 a barrel.

In US Equity Markets stocks were flat on Wednesday ahead of the Federal Reserve’s policy announcement, while media shares got a boost from a court approval for AT&T’s $85 billion takeover of Time Warner. Shares of the HBO channel owner jumped 3.6 percent after the approval, which is expected to trigger a wave of corporate mergers. AT&T fell 3.8 percent and weighed the most on the S&P telecoms index, which fell 2.6 percent. The S&P 500 was up 0.03 percent, at 2,787.60 and the Nasdaq Composite rose 0.17 percent, at 7,716.74.

In Bond Markets Italy’s borrowing costs dropped sharply on Wednesday after the country’s new EU Affairs Minister Paolo Savona said the euro was “indispensable”, helping bolster demand at an auction of Italian government bonds. The country sold 5.63 billion euros of bonds in the auction on Wednesday, though the borrowing costs were still the highest since before the ECB began its 2.55 trillion euro bond-buying scheme. The yield on the benchmark 10-year government bond was 9 bps lower at 2.78 percent, while the 2-year bond yield fell below 1 percent and was last down 17 basis points at 0.87 percent.