12/19/2018, 9:16 AM (Source: TeleTrader)
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Europe trades higher with Fed in focus

European markets traded in the green on Wednesday as investors awaited the United States Federal Reserve's interest rate decision due later in the day. The US central bank is expected to hike rates for the fourth time this year despite President Donald Trump calling on the Fed to hold rates, claiming raising them would be a "mistake." On the data front, Germany reported a 3.3% annual rise in producer prices, while United Kingdom inflation figures and euro area construction data are also set for release today.

The FTSE 100 added 0.28% at 9:15 am CET with GVC Holdings jumping 3.02% at 9:16 am CET. The CAC 40 increased 0.31% at 9:16 am CET with Peugeot, up 1.47% at 9:18 am CET, as the best performer.

The DAX was up 0.17% at 9:16 am CET. Fresenius led the gains as it climbed 1.93% at 9:17 am CET after Goldman Sachs upgraded the company from neutral to buy. The Euro Stoxx 50 gained 0.30% at 9:16 am CET. Intesa Sanpaolo contributed most to the index' performance as its shares surged 4.56%.

The euro rose 0.28% against the dollar to sell for 1.1396 at 9:20 am CET.

Breaking the News / NP