European Stocks Decline After Six-Day Rise

European stocks cut their six-day winning streak on Wednesday, impacted by disappointing results from the French luxury goods giant LVMH and market tensions ahead of the Federal Reserve's decision on interest rates later today. The Stoxx 600 index fell by 0.5% after reaching its longest winning streak since January on Tuesday. LVMH shares dropped by 5.2%, marking their largest daily percentage loss in nearly 17 months, following sales growth that aligned with expectations. Investors are now focusing on the Federal Reserve, which is widely expected to raise interest rates by a quarter point at 18:00 GMT, potentially marking the final step in its aggressive tightening campaign.