LONDON (TheDeal) -- European stocks were little changed on Wednesday as investors awaited the outcome of the two-day Fed meeting and digested the latest U.K. labor-market figures.
In London, the FTSE 100 was 0.14% lower at 6,700.88, while the German DAX was down 0.10% at 11,032.91 and the French CAC 40 was 0.28% lower at 4,826.17.
Major indices were see-sawing all morning before the Fed is due to wrap up its policy meeting later today, amid dwindling expectations of a September interest-rate increase in the world's largest economy.
Meanwhile in Europe, there was news of an improving labor market in the U.K. The latest report by the Office for National Statistics failed to distract from the big, fat Greek standoff between Athens and its creditors. The U.K. unemployment rate for February to April 2015 was 5.5%, down from 6.6% a year earlier, as the proportion of people aged 16 to 64 in work rose to 73.4% from 72.7% a year ago.
E.U. finance ministers are scheduled to meet again on Thursday in Luxembourg to try to hammer out a solution before Greece meets its "Grexit" Waterloo, 200 years to the day that Napoleon was defeated in the famous battle south of Brussels.
In London, Berkeley (BKGFY) climbed more than 8.5% after London's largest homebuilder posted strong full-year earnings. After-tax profit was 44.6% higher over last year, while adjusted earnings per share climbed by 18.8%.
Chairman Tony Pidgley said the company supports the U.K. remaining in the E.U., "as this is the best way for London to remain a world city." The company claims to deliver 10% of all new homes in the British capital and 10% of affordable homes across 74 sites.