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Europe: Stock markets rise at open


[LONDON] Europe's main stock markets experienced cautious gains at the start of trading on Tuesday, as investors turned their attention to this week's crucial US interest rate decision.

London's benchmark FTSE 100 index of major blue-chip companies was up 0.1 per cent at 7,386.22 points in initial deals.

In the eurozone, Frankfurt's DAX 30 won 0.2 per cent in value to stand at 12,228.32 points.

On the upside, the CAC 40 index in Paris rose almost 0.1 per cent to 5,130.53 points compared with Monday's closing level.

Market voices on:

This week's Federal Reserve monetary policy gathering will be pored over by traders hoping for some clues about future hikes and its timetable for winding down bond holdings.

The meeting kicks off later Tuesday and concludes Wednesday.

"The Federal Reserve will begin its two day meeting later on today, with the announcement and statement following it tomorrow evening," said Oanda analyst Craig Erlam.

"While no change in policy is expected and no press conference is taking place, with the central bank believed to be preparing measures to reduce the balance sheet from September, there may be hints at such a move in the statement."