European Factors to Watch-Shares seen slightly higher at open

miércoles 16 de marzo de 2016 02:22 GYT
 

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LONDON, March 16 (Reuters) - European stocks were seen slightly higher at the open on Wednesday, with firmer oil prices potentially lending support to the market.

Financial spreadbetters expected Britain's FTSE 100 to open up by 16 points, or 0.3 percent higher. Germany's DAX was seen up by 17 points, or 0.2 percent higher, while France's CAC was seen up by 20 points, or 0.5 percent higher.

The pan-European FTSEurofirst 300 index fell 1.1 percent on Tuesday, and many traders were refraining from buying up big positions before the U.S. Federal Reserve's latest interest rate decision due later in the day.

The Federal Reserve is expected to hold interest rates steady on Wednesday as it balances continued concerns about the health of the global economy with fresh signs that domestic inflation is starting to rear its head.

The Fed's latest policy statement, due to be released at 2 p.m. EDT (1800 GMT) along with updated economic projections, will show how comfortable policymakers are in proceeding with the gradual rate hike path they embraced late last year.

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