In European Equity Markets the pan-European Stoxx 600 closed up around 0.1%. Europe’s oil and gas stocks were among the biggest gainers, up almost 0.5%. Finnish manufacturing firm Wartsila fell over 12% to the bottom of the index by the afternoon, after issuing a profit warning. France’s EDF rose over 3%. The state-controlled utility company said Wednesday that it did not need to close any of its nuclear reactors following the discovery of problems with weldings in their steam generators.

In Currency Markets sterling fell on Wednesday after British prices in August grew at a their slowest pace since late 2016, while concerns about whether a last-minute Brexit deal was achievable also weighed on the currency. Prices of goods and services paid by consumers rose at an annual rate of 1.7% in August after a 2.1% increase in July, official data showed. A Reuters poll of economists had expected a rate of 1.9%. The pound fell 0.3% to $1.2457 from trading around $1.2480 before the inflation data was released.

In Commodities Markets oil prices retreated about 1% on Wednesday, extending the previous day’s declines after Saudi Arabia said it would quickly restore full production following last weekend’s attacks on its facilities and as U.S. crude stockpiles rose unexpectedly. Brent crude oil futures were down 34 cents, or 0.3%, at $64.21 a barrel. U.S. WTI crude futures were down 63 cents, or 1.1%, at $58.71. U.S. crude stockpiles rose by 1.1 million barrels last week, EIA data showed, compared with analysts’ expectations for a decrease of 2.5 million barrels.

In US Equity Markets stocks came under pressure on Wednesday after a profit warning by FedEx, while investors waited for a decision on interest rates and clues on the future of U.S. monetary policy from the Federal Reserve. Shares of the package delivery company fell 14% and were on course for their sharpest one-day percentage decline since the financial crisis after FedEx blamed U.S.-China trade tensions and a split with Amazon.com Inc for its dismal full-year profit forecast. The S&P 500 was down 0.27%, at 2,997.53. The Nasdaq Composite fell 0.33%, at 8,159.06.

In Bond Markets U.S. Treasury yields fell on Wednesday before the Federal Reserve is expected to cut interest rates and address recent stress in short-term funding markets that has sent the cost of overnight loans soaring. Benchmark 10-year notes were last up 12/32 in price to yield 1.772%, down from 1.814% on Tuesday. Investors will be focused on forward guidance as Fed policymakers are deeply divided on the need for further easing as U.S. economic data improves.