• APAC stocks traded cautiously and mostly rangebound ahead of the FOMC and with Japanese markets closed.
• European equity futures indicate a lower open with the Euro Stoxx 50 future -0.4% after the cash market closed up 0.5% on Tuesday.
• In the luxury sector, Kering has warned of a 20% plunge in Q1 Gucci sales.
• DXY is contained below the 104 mark, JPY lags with USD/JPY above 151.50, GBP eyes UK CPI metrics.
• Looking ahead, highlights include UK CPI, EZ Consumer Confidence, Australian PMIs, FOMC, CNB, BCB Policy Announcements, BoC Minutes, Comments from Fed Chair Powell, ECB's President Lagarde, de Cos, Lane & Schnabel, Supply from Germany.

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