In European Equity Markets the pan-European Stoxx 600 closed 0.06% higher during trade, with banks dropping around 2% as Deutsche Bank shares plunged. Household goods stocks added 1.5%. The FTSE 100 in London and CAC 40 in Paris both managed to eke out gains of 0.34% and 0.45% by the close. Deutsche Bank reported a net loss of 832 million euros ($924 million) for the third quarter, missing analyst expectations as a major restructuring plan continues to weigh on the German lender. he bank’s shares fell almost 8% by the close.

In Currency Markets sterling edged higher on Wednesday after British Prime Minister Boris Johnson won parliamentary approval to hold a general election in December, though moves were limited as large currency options expiring this week curbed volatility. The pound was broadly flat against both the euro, at 86.40 pence, and the dollar, at $1.2869, as the market assessed risks associated with the Dec. 12 election. The outcome of a U.S. Federal Reserve meeting later on Wednesday is also limiting overall market volatility.

In Commodities Markets oil prices extended losses Wednesday after a steep U.S. crude inventory build added to worries about a possible delay in resolving the U.S.-China trade war, which has hurt global oil demand. Brent crude fell 30 cents, or 0.5%, to $61.29 a barrel. U.S. West Texas Intermediate (WTI) crude was down 67 cents, or 1.2%, at $54.87 a barrel. U.S. crude oil stockpiles soared last week amid higher imports and a release from national reserves, while gasoline and distillate inventories extended their declines even as refiners ramped up production, the EIA said.

In US Equity Markets indexes were flat on Wednesday as investors assessed mixed corporate reports in the thick of earnings season, while bracing for a policy decision by the Federal Reserve later in the day. Shares of General Electric Co jumped 11.5% after the industrial conglomerate beat quarterly profit estimates and raised its cash forecast for the year. Yum Brands Inc fell 9.5% and was among the top decliners on the benchmark index as the KFC owner missed quarterly profit expectations.

In Bond Markets Germany’s benchmark 10-year bond yield held below three-month highs on Wednesday as investors awaited the outcome of a U.S. Federal Reserve meeting, while the European Central Bank resumed its bond buying programme. Germany’s 10-year bond yield was flat on the day at -0.36% , off Monday’s three-month high of -0.32%. It is up 21 bps so far in October and set for its biggest monthly jump since early 2018, largely driven by expectations that Britain will avoid a no-deal Brexit.