Shares Slip as Markets Await Fed Rate Rise

A woman uses a mobile phone in front of an electric board displaying the Nikkei stock average outside a brokerage in Tokyo, Japan, on June 14, 2023. Kim Kyung-Hoon/Reuters

LONDON/SYDNEY—Stocks around the world fell on Wednesday as caution reigned ahead of an expected U.S. Federal Reserve interest rate rise later in the day that may see rates go up to their highest since the global financial crisis.

European stocks fell as much as 0.3 percent in early trading, with indexes in Germany and France slipped 0.2 percent and 1.1 percent respectively.