European stocks head for lower open as markets await latest Fed minutes – CNBC

European markets opened lower Wednesday as investors gauge the global economic outlook and await the minutes from the U.S. Federal Reserve’s latest monetary policy meeting.The pan-European Stoxx 600 index was down 0.4% shortly after the open, with most sectors seeing declines. Mining stocks dropped 1.3% and banks fell 0.6%, while media stocks bucked the trend to gain 0.7%.European markets fell 0.2% yesterday, while U.S. stocks had their worst day of the year so far amid fears the Fed will keep rates higher for longer than previously thought.U.S. stock futures rose slightly in overnight trading, largely on corporate earnings, as Wall Street braced itself for more insight into the central bank’s rate-hiking agenda.In Asia-Pacific overnight, markets were lower after Wall Street’s sharp losses overnight, and New Zealand’s central bank continued to hike its benchmark interest rate.Jeep, Dodge maker Stellantis posts record annual profit, announces $4.47 billion shareholder payoutStellantis CEO Carlos Tavares discusses the Ram 1500 Revolution EV Concept truck during his keynote address at the Consumer Electronics Show (CES) in Las Vegas, Nevada, on January 5, 2023.Robyn Beck | AFP | Getty ImagesCarmaker Stellantis on Wednesday announced record full-year results, reporting a 26% rise in net profit to 16.8 billion euros
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