Most European Stocks Drop as Fed Awaited

European stocks retreated from an 18-month high while Asian equities headed for the longest winning streak in more than three years as investors awaited the outcome of a Federal Reserve policy meeting. The won and South Korean shares closed higher even as North Korea fired a rocket. Oil climbed.

No Surprise: Fed Leaves Rates Unchanged
21:13 - The Federal Reserve left interest rates unchanged while saying risks to the U.S. economy have subsided and the labor market is getting tighter, suggesting conditions are getting more favorable for an increase in borrowing costs. Bloomberg's Mike McKee reports on "Bloomberg Markets." (Source: Bloomberg)
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