European markets seen mixed as Fed considers interest rate hike

European markets are set to open mixed on Wednesday morning, as investors await a likely hike in U.S. interest rates later in the day.

The FTSE 100 is seen 9 points lower at 7,066; while the CAC 40 is set to open 10 points higher at 5,259 and the DAX is expected to start up 32 points at 12,346, according to IG.

In Asia, equities edged higher after a recent run of losses. MSCI’s broadest index of Asia-Pacific shares, excluding Japan, was up 0.5 percent, following gains on Wall Street.

Stateside, investors appeared relatively convinced the Federal Reserve will raise interest rates to 1.75 percent, up from 1.5 percent, on Wednesday. However, markets were less sure over how many more to expect this year. The U.S. central bank is widely anticipated to signal three or four further rate hikes for the year as a whole.

Back in Europe, France’s Hermes and Britain’s Lloyd’s of London were both expected to report their latest figures on Wednesday. Source: CNBC