India, Jan. 29 -- French stocks are down in negative territory Wednesday morning, weighed down by losses in the luxury sector as industry major LVMH's fourt-quarter revenue fell short of expectations.
Gains in technology sector help limit market's downside.
Investors are looking ahead to the Federal Reserve's monetary policy announcement due later in the day. The Fed is widely expected to hold rates unchanged, and the focus is on the accompanying statement for clues about future rate moves.
The European Central Bank is scheduled to announce its policy on Thursday. The ECB is expected to announce a 25-basis point rate cut.
The benchmark CAC 40, which dropped to 7,849.14 earlier this morning, was down 23.32 points or 0.3% at 7,875.05 a fe...