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European markets close higher ahead of Fed announcement; Grenke down 41%

European stocks closed higher on Wednesday as investors awaited the outcome of the U.S. Federal Reserve’s two-day meeting.

The pan-European Stoxx 600 provisionally ended up 0.4%, with mining stocks climbing 1.3% to lead gains, while autos dropped 0.3%.

At the bottom of the European blue-chip index, Grenke shares tumbled another 41% on the back of fraud and misconduct allegations from short-seller Viceroy, which warned about insolvent payments company Wirecard ahead of its accounting scandal. Grenke has rejected Viceroy’s accusations as unfounded.

Reference: CNBC