Europe's main stock markets are expected to open lower on Wednesday, as investors prepare for comments from US Federal Reserve (Fed) officials, who will conclude their two-day monetary policy meeting on Wednesday. Early indications suggest that the Paris CAC 40 could lose 0.71% at the opening, as the index could be penalized by Kering's earnings warning, which could weigh on the entire luxury goods sector. Futures reported a rise of 0.03% for the Dax in Frankfurt, while a fall of 0.06% was expected for the FTSE in London and 0.12% for the Stoxx 600. After the Bank of Japan (BoJ) on Tuesday, attention is now turning to the Fed and its latest economic projections - the "dot plot" - which could reduce the number of interest rate cuts from three to two, or even push back the entire schedule of cuts. The latest US inflation data has reduced bets on the first rate cut in June to around 59%, from around 69% at the start of last week, according to CME's FedWatch tool. Several European Central Bank officials, including Christine Lagarde at a conference in Frankfurt, will also be speaking later today. Some of them suggested that June would be the best month to start discussing ECB rate cuts. VALUES TO WATCH IN EUROPE: ON WALL STREET The New York Stock Exchange finished higher on Tuesday, on the eve of the conclusion of the Fed governors' meeting, with Nvidia recouping its early session losses. The semiconductor manufacturer's shares ended the day up 1% after it gave more details on pricing and delivery plans for its Blackwell B200 artificial intelligence chip. According to Michael James, analyst at Wedbush Securities in Los Angeles, Tuesday's gains were linked to improved sentiment after Nvidia's stock rally, as well as optimistic sentiment about the direction of the economy. "Money continues to flow into the market, and not just in technology." IN ASIA The Tokyo Stock Exchange is closed for the Japanese public holiday, but the yen's weakness causes futures to rise by 0.6%, the day after the Bank of Japan's decision to end its negative interest rate policy. In China, the Shanghai SSE Composite closed up 0.6% and the CSI 300 gained 0.2%. RATES The yield on ten-year Treasuries continued to fall, to 4.2787%, after hitting a three-week high on Monday, as investors prepared for the conclusions of the latest Fed meeting. The German ten-year yield lost 2.3 bp to 2.426%, with the two-year rate losing 0.9 bp to 2.8793%. CURRENCIES The dollar gained 0.24% against a basket of reference currencies. The euro was unchanged at $1.0868. OIL Oil prices retreat slightly, held back by a stronger dollar and profit-taking after the recent price rebound. Brent crude fell by 0.31% to $87.20 a barrel, while US light crude (WTI) lost 0.56% to $83.13. MAIN ECONOMIC INDICATORS ON THE MARCH 20 AGENDA: COUNTRY GMT INDICATOR PERIOD PREVIOUS CONSENSUS BE 10:00 Consumer Confidence March -15.0 -15.5 (Written by Augustin Turpin, edited by Blandine Hénault and Kate Entringer)