European markets close mixed; Novo Nordisk extends losses

U.S. stock markets are little changed ahead of the Federal Reserve’s interest rate decision due at 2 p.m. ET (7 p.m. U.K. time).

A rate hold is widely expected, though investors will be looking out for any dissenting votes among policymakers, as well as the central bank’s messaging on the state of the U.S. economy. Earlier Wednesday, figures showed GDP growth came in at a hotter-than-expected 3% for the second quarter.

Markets are mixed in Europe, with the regional Stoxx 600 index just above the flatline. Autos stocks are 1.3% lower as earnings season reveals more about the hit from U.S. tariffs on the sector. Construction, utilities and travel are pulling slightly higher.