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The major European markets<\/span> ended mixed on Wednesday, a day after recording one of their best sessions in nearly a year, as the mood turned cautious ahead of the release of the Federal Reserve’s minutes later today, and U.S. inflation data, due on Thursday.<\/p>\n Investors also reacted to some dovish comments, and some slightly less hawkish comments from Fed officials.<\/p>\n The pan European Stoxx 600 advanced 0.15%. Germany’s DAX climbed 0.24%, while the U.K.’s FTSE 100 and France’s CAC 40 drifted down 0.11% and 0.44%, respectively. Switzerland’s SMI gained 0.33%.<\/p>\n Among other markets in Europe, Austria, Belgium, Denmark, Finland, Greece, Iceland, Poland, Portugal and Russia ended higher.<\/p>\n Netherlands, Norway and Turkiye closed weak, while Spain and Sweden ended flat.<\/p>\n In the UK market, JD Sports Fashion, Smith & Nephew, Burberry Group, Carnival, Kingfisher, Royal Mail and Next lost 2 to 4%.<\/p>\n Travis Perkins plunged more than 6% after the building merchant warned its annual profits will be far lower than forecast.<\/p>\n Imperial Brands, Just Eat Takeaway.com, M&G, RightMove, United Utilities, Prudential, Halma, Severn Trent, BAE Systems, Segro, BT, Flutter Entertainment and Land Securities gained 1 to 2%.<\/p>\n In the German market, Fresenius Medical Care tanked 17.5% after Danish drug maker Novo Nordisk said its weight-loss drug showed success in a trial for kidney failure in diabetes patients. Fresenius tumbled nearly 8%.<\/p>\n Zalando ended 2.1% down, Deutsche Boerse lost about 1.7%, while Continental, Covestro, Merck, Qiagen, Siemens Healthineers and Brenntag lost 0.8 to 1.2%.<\/p>\n Vonovia climbed more than 2%. Siemens Energy gained about 1.8%, while Volkswagen, RWE, Siemens, BMW and Biersdorf ended higher by 1 to 1.1%.<\/p>\n In Paris, LVMH dropped more than 6% after it reported lower sales growth in the third quarter in a sign that the post-pandemic luxury boom is waning. Peers Hermes International and Kering also posted sharp losses.<\/p>\n Alstom, Teleperformance, Veolia, Bouygues and Eurofins Scientific lost 1.4 to 2%.<\/p>\n Thales surged about 2.7%. Stellantis, Renault, Vinci, Engie, Unibail Rodamco, Safran, Danone, Air Liquide and Capgemini gained 0.9 to 2%.<\/p>\n In economic news, Euro area consumers’ inflation expectations for longer term edged up for the second month in a row in August and they continue to see the rate staying above the target of 2% in the next three years, results of a survey by the European Central Bank showed.<\/p>\n Germany’s consumer price inflation eased to the lowest level in just over one-and-a-half years in September, as initially estimated, the latest data from Destatis showed on Wednesday.<\/p>\n The consumer price index rose 4.5% year-on-year in September, slower than the 6.1% rise in August. That was in line with the flash data published on September 28. Further, this was the lowest rate since February 2022, when inflation stood at 4.3%. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n