Europe eyes higher open ahead of Fed decision 

European stocks are expected to open higher on Wednesday ahead of the latest monetary policy decision from the U.S. Federal Reserve.

The London FTSE index is expected to open 14 points higher at 6,738, the German DAX up 62 points at 10,310 and the French CAC up 25 points at 4,420, according to IG.

European markets are awaiting the latest decision from the Federal Open Market Committee which is scheduled to conclude its two-day meeting with its statement on monetary policy at 1400 ET. Traders do not expect the Fed to raise interest rates, but will watch for indications on the timing of the next hike.

Meanwhile in Asia, Japanese stocks rebounded from Tuesday’s sell-offas most Asian markets wavered on Wednesday ahead of key central bank decisions as well as major earnings reports due in Japan and South Korea.

In the U.S., the Democratic Party formally nominated Hillary Clinton for president Tuesday, making her the first woman chosen by a major American party. The former secretary of state and first lady secured the 2,383 delegates needed to win with South Dakota’s vote.

In business news, shares of Apple rose higher after hours as the company reported third quarter iPhone sales that beat expectations. Meanwhile, Twitter revealed its worst quarterly revenue growth since its IPO. Shares of the social media site plunged over 11 percent in extended trade as a cautious outlook also disappointed investors.

Earnings are due from Santander, Deutsche Bank, Taylor Wimpey,ARM, Statoil, Airbus and PSA Peugeot.

Source: CNBC

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