This is CNBC's live blog covering European markets.Nonetheless, global markets are focused on the U.S. Federal Reserve's latest interest rate announcement after the central bank's monetary policy committee concludes a two-day meeting later on Wednesday.to keep the borrowing cost unchanged but investors will closely monitor the post-announcement press conference with Chair Jerome Powell for clues on when that stance might change.
Only two European stocks have positively surprised markets every quarter for the past five quarters, according to analysis by CNBC Pro.One of the stocks stood out for several large share price jumps following quarterly earnings releases. Most recently, the company beat earnings estimates by 6.1% and shares rallied by more than 8% in the following session. Similarly, the stock rallied by 12.8% in a single session four quarters ago.Oil prices have fallen for a third straight day as U.S.
Brent contracts slid 0.88% to $85.57 per barrel, while U.S. West Texas Intermediate crude saw a larger loss of 1.03% to $81.09 per barrel. Reuters reported that U.S. crude oil inventories swelled last week by 4.906 million barrels, while gasoline and distillate stockpiles fell, according to market sources citing American Petroleum Institute figures on Tuesday.CNBC Pro: Citi names 3 biotech stocks to play a growing $2.
Data releases include preliminary euro zone inflation data for April and first-quarter gross domestic product figures for the single currency area.Stocks making the biggest moves after hours: Amazon, Starbucks, Advanced Micro and more