European Stocks Inch Higher Ahead Of Fed Decision

European stock markets opened cautiously higher on Wednesday, as investors awaited the latest policy decision from the U.S. Federal Reserve, expected to announce the beginning of tapering of its asset purchases. The Stoxx Europe 600 index gained 0.2% to 312.47, after closing down 0.5% on Tuesday. Shares of Zara owner Indirex SA added 0.7% after the fashion retailer posted first-half profit ahead of expectations.

Nokia Oyj gained 1.8% after Credit Suisse lifted the firm to outperform from neutral. Among country-specific indexes, the U.K.’s FTSE 100 index added 0.1% to 6,576.52, while Germany’s DAX 30 index put on 0.1% to 8,605.28. France’s CAC 40 index dropped 0.2% to 4,138.77.

Source : Marketwatch

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