European stocks rose on Wednesday, hours before the Federal Reserve was expected to announce plans to quicken its exit from the huge bond-buying programme that helped steady markets at the height of the coronavirus pandemic.
The Stoxx Europe 600 index gained 0.4 per cent in early trading after closing 0.8 per cent lower on Tuesday. London’s FTSE 100 slipped 0.2 per cent and Germany’s Dax advanced 0.4 per cent. In Asia, Hong Kong’s Hang Seng index fell 1 per cent and Tokyo’s Nikkei 225 added 0.1 per cent.
Investors’ attention will be trained on Washington, however, where after two days of talks US central bankers are poised to deliver their verdict on the speed at which to taper asset purchases.
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