European shares edge higher on better results, with Fed in focus

miércoles 28 de octubre de 2015 06:59 GYT
 

(Adds quote, updates prices)

* FTSEurofirst 300 up 0.4 percent

* Heineken, UCB, Volkswagen rally after results

* Meggitt sinks after profit warning

* Fed seen keeping rates unchanged

By Alistair Smout and Danilo Masoni

LONDON/MILAN, Oct 28 (Reuters) - European shares edged higher on Wednesday, buoyed by good company earnings and expectations the U.S. Federal Reserve will decide to keep rates near zero at today's policy meeting.

The pan-European FTSEurofirst 300 was up 0.4 percent at 1,475 points after falling 1 percent in the previous session. The euro zone's blue-chip Euro STOXX 50 index was up 0.6 percent.

The Fed is expected to leave interest rates unchanged on Wednesday and may struggle to convince sceptical investors it can tighten monetary policy before the end of the year in the face of slowing U.S. and global economies.   Continuación...