LONDON — European stocks were lower on Tuesday as global markets await the U.S. Federal Reserve's interest rate decision.

By 8:58 a.m. in London (4:58 a.m. ET), the pan-European Stoxx 600 was trading 0.2% lower, with most sectors and major bourses trading in negative territory. Bucking the trend was the utilities sector, often seen as a somewhat stable investment amid market volatility.

The moves on Tuesday marked a reversal from the previous session, which saw stocks end higher amid hopes of Sino-U.S. trade tensions thawing. President Donald Trump and Chinese President Xi Jinping are due to meet in South Korea on Thursday.

Both sides appear to be in a conciliatory mood, having agreed on a framework for a potential trade deal which addresses China rare earths export restrictions, s

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