European shares were mixed as investors awaited the Federal Reserve’s interest-rate decision, with a 25-bps cut fully priced in. The Stoxx 600 was slightly lower, while the DAX was up and the FTSE 100 rose 0.4%. Logitech International shares surged 5% on strong earnings, while ASM International rose 2% despite bookings missing expectations. Mercedes-Benz saw an 8% jump after confirming its annual outlook and plans for a €2 billion share buyback. Deutsche Bank rose 1.7% on a surprise 7% increase in quarterly profit. BASF rallied 2.8% on better-than-expected earnings, while SKF slumped 4.3% in line with expectations.

Read more at Nasdaq: European Shares Mixed Ahead Of Fed Verdict