European Factors to Watch-Stocks set to rise with, earnings Fed in focus
LONDON Oct 28 (Reuters) - European shares are seen edging higher on Wednesday as investors digest a flurry of earnings reports ahead of a Federal Reserve policy decision later in the day.
Financial spreadbetters expected Britain's FTSE 100 to open 1 to 4 points higher, or up as much as 0.1 percent, Germany's DAX to open up 30 to 32 points, or as much as 0.3 percent higher, and France's CAC 40 to open 17 to 18 points higher, or up 0.4 percent.
Pharmaceutical firm GlaxoSmithKline, beverage maker Heineken and scandal-hit Volkswagen are among the companies to report results on Wednesday.
With a quarter of STOXX Europe 600 companies having reported results, 59 percent have beaten or met expectations, Thomson Reuters Starmine data showed.
After European markets shut on Wednesday, Federal Reserve is expected to keep interest rates unchanged and may struggle to convince skeptical investors it can tighten monetary policy before the end of the year in the face of U.S. and global economic headwinds.
The FTSEurofirst 300 closed 1 percent lower on Tuesday, edging further away from two-month highs hit late last week.