(MENAFN– ecpulse)
European shares rose by midday trading on Wednesday before the conclusion of the Fed two-day meeting today.
Investors’ attention have shifted from political tension between Russia and the West over Crimea to the Fed’s meeting outcome, as it will show whether policymakers will stick to their stimulus reduction plan.
Analysts predict the Fed to continue bond purchases cut by another $10 billion to $55 billion.
Fed Chairman Janet Yellen will probably change the central bank’s forward guidance by liking the rise of interest rate to other factors rather than the 6.5 percent threshold.
As of 07:44 EST, STOXX EUROPE 600 soared 0.27% to record 328.80 points. Telecommunications led the advance with a rise of 0.47%, followed by Financials, which recorded 0.31% rise.
The highest shares were for BMW as it advanced 7.50% to 86.77 EUR, while the biggest drop was recorded by Ophir Energy as its shares plummeted 17.74% to 243.00 GBP.
Looking at other the major European indices, Germany’s DAX index advanced 0.80% to 9316.92 points, while the French CAC index rose 0.20% to 4321.77 levels. Britain`s FTSE 100 index recorded 0.07% drop to 6600.93 points.
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