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Europe: Stock markets open higher before Fed

Thursday, September 17, 2015 - 15:29
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European shares rose on Wednesday after reaching 2015 lows as a bruising quarter ended, with a Chinese tax cut boosting automakers while miner Glencore rallied after saying it had no solvency issues.

[LONDON] Europe's main stock markets rose in opening deals on Thursday as investors awaited the latest interest rate decision from the US Federal Reserve.

In initial deals, London's benchmark FTSE 100 index climbed 0.14 per cent to 6,237.66 points compared with Wednesday's close.

In the eurozone, Frankfurt's DAX 30 won 0.41 per cent to 10,269.32 points and the CAC 40 in Paris added 0.31 per cent to 4,660.17.

Asian equities also piled on fresh gains Thursday in a global rally as investors keep a nervous eye on the US central bank's monetary policy meeting.

The Fed will later decide whether or not to raise interest rates for the first time since 2006, with a decision scheduled for 1800 GMT.

AFP

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