(Reuters) -European shares were flat on Wednesday, with investors assessing a slew of corporate earnings while awaiting the U.S. Federal Reserve’s rate decision later in the day.

The continent-wide STOXX 600 index was flat at 575.66 points, as of 0812 GMT.

The Fed is widely expected to cut interest rates by a quarter-percentage point at the end of its policy meeting on Wednesday, and investors are watching out for any forward-looking commentary from Chair Jerome Powell.

European mining stocks rose 1.7%, healthcare sector added 0.4%. The broader telecom index fell 1% and utilities lost 0.6%.

Meanwhile, U.S. President Donald Trump and his Chinese counterpart Xi Jinping are set to meet in South Korea on Thursday.

Among corporate updates, Mercedes rose 6.4% after the German carmaker repor

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