European markets ended in green in anticipation of Fed decision

European markets closed with gains on Wednesday in anticipation of the first increase in interest rates by the US Federal Reserve for nearly a decade, reports CNBC.

The pan-European STOXX 600 index finished up 0.2 percent, as investors await with bated breath the Federal Open Market Committee to submit its decision after a meeting today.

Oil traded with a decrease after the previous two days to recover from nearly seven-year minimum. The price of US crude fell by 4% to below $ 36 a barrel, and Brenta - over 3% to just over 37 dollars a barrel in late morning trade. Weekly data from Energy Information Administration showed that crude oil stocks rose by 4.8 million. Barrels.

French retailer Casino traded with a growth of over 6% after announcing plans for debt reduction. JP Morgan raised the target price of its shares.

Shares entered the stock exchange in Amsterdam Altice have shot up 13% after Deutsche Bank upgraded the outlook on its shares from "hold" to "buy".

Shares of British publishing company Pearson rose almost 5% after Exane BNP Paribas upgraded the outlook on its shares.

The supplier of aerospace equipment Zodiac Aerospace remained almost at the bottom of the STOXX 600 shares with a decline of 3.5% as JP Morgan cut the target price of its shares.

The share price of Dialog Semiconductor, a supplier of Apple, fell 5 percent after it cut its forecast for revenues for the fourth quarter and the target price of its shares was reduced by several brokerages.

Luxury goods sector was the focus of investors.

Prada entered in Hong Kong reported a decline in the share price by 7% after the maker of luxury goods reported 38% lower quarterly profit because of falling sales in China. Although HSBC reduced target price of Burberry and Raymond James - of LMVH, and both brands have managed to overcome their earlier losses and reported strong growth.

Mining companies were also in focus, shares of Anglo American rose despite lowering the target price as of Deutsche Bank, and from Societe Generale. Glencore also traded with growth, while shares of BHP Billiton rose 3 percent after news that the company is considering a further reduction of capital costs.