European shares steady ahead of Fed meeting, volumes low

lunes 14 de septiembre de 2015 08:18 GYT
 

* FTSEurofirst 300 steadies by midday

* Caution before Fed meeting this week

* Television Francaise jumps on relief over ads

By Alistair Smout

LONDON, Sept 14 (Reuters) - European equities gave up early gains and steadied by midday on Monday, as investors focused on whether the Federal Reserve will raise U.S. interest rates at its policy meeting this week.

The FTSEurofirst 300 index of top European shares was down 0.1 percent at 1,399.48 points by 1142 GMT. It had risen to a high of 1,414.99 points earlier in the session.

"Investors are pretty nervous ahead of the Fed meeting this week as they are quite uncertain about the central bank's likely move on interest rates. We are seeing a lot of volatility in the market because liquidity is very low," said Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets in Brussels.

The FTSEurofirst 300's volumes were just 30 percent of its 90-day daily average after a half-day trading.

Traders said volumes were likely to remain low before the Fed's two-day meeting ends on Sept. 17. Markets are still guessing whether the central bank will raise rates or wait for December or early next year.   Continuación...