Investors keep power dry ahead of Fed, crude jumps

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Reuters UK

By Huw Jones LONDON (Reuters) – Global stocks were little changed on Wednesday as investors kept their powder dry ahead of an expected interest rate hike by the U.S. Federal Reserve, whose accompanying statement will help determine next moves in financial markets. The MSCI global stocks index was down 0.1%, while the STOXX index of European companies eased 0.4%. The 10-year U.S. Treasury yield was just below the closely watched 3% level, while oil prices bounced as the European Union proposed more sanctions on Russia in response to its invasion of Ukraine, including an oil embargo to be phased…

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