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.

UPS Expands China Ties in S.F. Holding Joint Venture
06:59 - David Abney, chief executive officer at United Parcel Service Inc., discusses the company’s new joint venture with China's S.F. Holding Co. He speaks with Bloomberg's David Westin on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
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