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Europe: Stocks open higher awaiting Fed

Wednesday, December 16, 2015 - 16:26

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European stock markets rose at the start of trading Wednesday, with the Federal Reserve expected to announce its first US interest rate hike in nearly a decade.

[LONDON] European stock markets rose at the start of trading Wednesday, with the Federal Reserve expected to announce its first US interest rate hike in nearly a decade.

London's benchmark FTSE 100 index climbed 0.30 per cent to 6,035.9 points compared with Tuesday's close.

Frankfurt's DAX 30 gained 0.25 per cent to 10,476.1 points and the CAC 40 in Paris won 0.15 per cent to open at 4,621.5.

The Federal Reserve is set to raise borrowing costs at its policy meeting Wednesday, ending months of speculation and uncertainty on global markets.

AFP

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