Europe shares edge up; H&M rises on upbeat sales comments
* FTSEurofirst 300 up 0.2 pct, Euro STOXX 50 up 0.2 pct
* All eyes on U.S. Federal Reserve's policy meeting
* H&M rises after upbeat sales comments
By Blaise Robinson
PARIS, June 18 (Reuters) - European shares edged up in early trade on Wednesday but gains were capped as investors awaited the end of the U.S. Federal Reserve's two-day policy meeting.
The Fed is widely expected to cut another $10 billion from its monthly bond purchases, while investors will be watching for any comments on when the Fed will begin to raise interest rates and its outlook for the economy.
Data released on Tuesday showed a surprisingly high reading for U.S. inflation, which sparked speculation about a hawkish tilt to the Fed's policy outlook.
"I don't think the Fed will be too alarmed by yesterday's number. It's just a signal that perhaps under the surface things are changing, in a positive way," said Kenneth Broux, a strategist at Societe Generale.
"If there is a potential change (in the Fed statement) it will be about the labour market, which has done really well." Continuación...