We expect cautious trading in Europe

European stocks are expected to open to mixed trade and very cautiously as markets turn cautious ahead of the latest decision from the U.S. Federal Reserve.

There are a fourth day of losses on markets in Asia. All but Australia are directed down. Two main things are moving trends - data on the profits of industrial companies in China and the consumer price index in Australia. The Australian dollar dropped sharply by more than 1% after unexpectedly bad data on inflation. (Nikkei 225 Index: -0.38%; Hang Seng Index: -0.40%; S&P/ASX 200: -0.33%; Shanghai Composite Index: -0.05%; KOSPI Index: -0.21%) he decisive event will be tomorrow - meeting of the BoJ.

Crude oil rose, investors are passive, waiting for US stocks and the most basic news - Fed decision.

Earnings are due from Barclays, Nordea, Home Retail Group, Antofagasta, Banco Santander, Iberdrola, Statoil, Total and PSA Peugeot Citroen.

Publications from Europe today: 09:00 - GfK German Consumer Climate (May) expectations 9.4; 09:45 -  French Consumer Confidence (Apr) expectations  95; 11:00 -  Italian Consumer Confidence (Apr) expectations  115.0; 11:00 -  Euro area Private Sector Loans (YoY) expectations  1.7% ; 11:30 – UK GDP (QoQ) (Q1) (p)  expectations  0.4%;