Most European stocks slipped as investors awaited the conclusion of the Federal Reserve's policy meeting for indications on the duration of stimulus measures.

The Stoxx Europe 600 Index fell 0.2 percent to 292.46 at the 4:34 p.m. in London, as more than three shares declined for every two that gained. The gauge has lost 5.8 percent since May 22, when Fed Chairman Ben S. Bernanke said the U.S. central bank could pare stimulus measures if the world's largest economy improves sustainably.

National benchmark indexes fell in 13 of the 18 western European markets.

FTSE 100 6,348.82 -25.39 -0.40% CAC 40 3,839.34 -21.21 -0.55% DAX 8,197.08 -32.43 -0.39%

Nordea (NDA) slid 4.1 percent to 75.50 kronor, the biggest decline since May 2012. Sweden sold 260 million shares in the bank at 75 kronor apiece to cut the country's public debt. The sale reduces the government's stake to 7 percent from 13.4 percent.

Swedish lenders SEB AB and Swedbank AB both declined, falling 3.2 percent to 65.60 kronor and 1.6 percent to 155.5 kronor, respectively.

Konecranes slid 6.7 percent to 22.65 euros after the world's biggest supplier of industrial cranes lowered its full-year profit guidance, saying it now sees operating income ex-restructuring costs at 2012 levels. It had previously estimated an increase in earnings.

BT Group Plc retreated 1.6 percent to 314.2 pence after the U.K. phone company said Gavin Patterson will succeed Ian Livingston as chief executive officer. U.K. Prime Minister David Cameron said Livingston will be appointed a trade minister at the end of the year to replace former HSBC Holdings Plc Chairman Stephen Green.

Fomento de Construcciones & Contratas SA tumbled 5.1 percent to 7.43 euros in Madrid after the Spanish construction company's Austrian unit, Alpine Holding GmbH, failed to reach a refinancing agreement with creditors. Alpine Bau, the company's operating unit with businesses in Austria, Germany and eastern Europe that employ 15,000 staff, plans to file for restructuring to rescue parts of the group, Alpine said in a statement. Alpine Holding will probably go insolvent in the process, it said.

Alcatel-Lucent rallied 6 percent to 1.49 euros, the highest since April 17, 2012. The company announced plans to sell assets and save another 1 billion euros in fixed costs by 2015 to stem losses and focus the company on more promising business like ultra-high-speed Internet. After 2015, Alcatel will look to cut its debt by 2 billion euros by selling shares on the stock market or through further asset sales, the Paris-based company said.

Nokia Oyj (NOK1V) climbed 4.2 percent to 2.88 euros. The mobile-phone maker's American depositary receipts surged as much as 12 percent in after-market New York trading as the Financial Times reported that China's Huawei Technologies Co. may be interested in buying the company.

Oil prices fell slightly, which was associated with the publication of a weekly report on oil stocks, which showed growth, but much smaller than the previous week. We add that the focus of the market also remains out of the accompanying statement by the Committee on the Federal Open Market.

The Department of Energy announced that for the week ending June 14, oil stocks rose by 300,000 barrels, while reaching a level of 394.100 million worth noting that according to the average forecasts of experts, the reserves had fallen by 1 million barrels. Recall that yesterday's report from the American Petroleum Institute showed that crude oil inventories fell by 4.3 million barrels.

In addition, the Department of Energy reported that gasoline inventories rose by 200,000 barrels, while distillate stocks fell by 500,000 barrels. Analysts had expected a rise in gasoline stocks up 1.2 million barrels and distillate inventories increased by 300,000 barrels.

Recall that the Fed plans to release its accompanying statement of the Committee on the Federal Open Market at 18:00 GMT, followed by a 18:30 GMT press conference of the Federal Reserve System. Add that oil prices may have risen markedly, if the central bank will signal clearly that plans to stick to its program of bond purchases and other measures that promote economic growth in the United States.

The cost of the July futures on U.S. light crude oil WTI (Light Sweet Crude Oil) fell to 98.27 dollars a barrel on the New York Mercantile Exchange.

July futures price for North Sea Brent crude oil mixture fell 8 cents to $ 106.05 a barrel on the London exchange ICE Futures Europe.

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Coca-Cola (KO) initiated at Outperform at Credit Suisse

European stocks fluctuated between gains and losses as investors awaited the conclusion of the Federal Reserve's policy meeting for indications on stimulus measures. U.S. index futures were little changed while Asian shares climbed.

The Federal Open Market Committee concludes its two-day policy meeting today, with Bernanke scheduled to speak after the close of European equity markets.

Nordea slid 3.6 percent to 75.90 kronor, the biggest intraday drop since April 24. Sweden sold 260 million shares in the bank at 75 kronor apiece to cut the country's public debt. The sale reduces the government's stake to 7 percent from 13.4 percent.

Swedish lenders SEB AB and Swedbank AB both declined, falling 2.4 percent to 66.15 kronor and 1.3 percent to 156 kronor, respectively.

Konecranes slid 6.2 percent to 22.78 euros after the world's biggest supplier of industrial cranes lowered its full-year profit guidance, saying it now sees operating income ex-restructuring costs at 2012 levels. It had previously estimated an increase in earnings.

Alcatel-Lucent rallied 5.2 percent to 1.49 euros. The company announced plans to sell assets and save another 1 billion euros in fixed costs by 2015 to stem losses and focus the company on more promising business like ultra-high-speed Internet. After 2015, Alcatel will look to cut its debt by 2 billion euros by selling shares on the stock market or through further asset sales, the Paris-based company said.

FTSE 100 6,373.59 -0.62 -0.01%

CAC 40 3,863.65 +3.10 +0.08%

DAX 8,265.35 +35.84 +0.44%

between gains and losses as investors awaited the conclusion of the Federal Reserve's policy meeting for indications on stimulus measures. U.S. index futures were little changed while Asian shares climbed.

The Federal Open Market Committee concludes its two-day policy meeting today, with Bernanke scheduled to speak after the close of European equity markets.

Nordea slid 3.6 percent to 75.90 kronor, the biggest intraday drop since April 24. Sweden sold 260 million shares in the bank at 75 kronor apiece to cut the country's public debt. The sale reduces the government's stake to 7 percent from 13.4 percent.

Swedish lenders SEB AB and Swedbank AB both declined, falling 2.4 percent to 66.15 kronor and 1.3 percent to 156 kronor, respectively.

Konecranes slid 6.2 percent to 22.78 euros after the world's biggest supplier of industrial cranes lowered its full-year profit guidance, saying it now sees operating income ex-restructuring costs at 2012 levels. It had previously estimated an increase in earnings.

Alcatel-Lucent rallied 5.2 percent to 1.49 euros. The company announced plans to sell assets and save another 1 billion euros in fixed costs by 2015 to stem losses and focus the company on more promising business like ultra-high-speed Internet. After 2015, Alcatel will look to cut its debt by 2 billion euros by selling shares on the stock market or through further asset sales, the Paris-based company said.

FTSE 100 6,373.59 -0.62 -0.01%

CAC 40 3,863.65 +3.10 +0.08%

DAX 8,265.35 +35.84 +0.44%

Asian stocks rose, with the regional benchmark index heading for a two-week high, as investors awaited the conclusion of a Federal Reserve policy meeting and Japanese exporters rallied after the nation's shipments increased more than analysts estimated

Nikkei 225 13,245.22 +237.94 +1.83%

Hang Seng 21,083.25 -142.63 -0.67%

S&P/ASX 200 4,861.4 +47.05 +0.98%

Shanghai Composite 2,143.45 -15.84 -0.73% .

Honda Motor Co., a Japanese carmaker that gets about 83 percent of sales from overseas, added 2 percent.

Rio Tinto (RIO) Group gained 1.6 percent after a report the world's No. 2 mining company will cut jobs at its Australian iron-ore operations.

China Mengniu Dairy Co., the country's largest dairy producer, surged 5.6 percent in Hong Kong after offering to buy a local infant-formula maker.

Nikkei 225 13,007.28 -25.84 -0.20%

Hang Seng 21,169.22 -56.68 -0.27%

S&P/ASX 200 4,814.4 -11.48 -0.24%

Shanghai Compositе 2,159.29 +3.08 +0.14%

FTSE 100 6,374.21 +43.72 +0.69%

CAC 40 3,860.55 -3.11 -0.08%

DAX 8,229.51 +13.78 +0.17%

Dow +139.15 15,319.00 +0.92%

Nasdaq +30.05 3,482.18 +0.87%

S&P +12.76 1,651.80 +0.78%