European shares rise before Fed, toilet troubles hit Zodiac

miércoles 16 de diciembre de 2015 08:02 GYT
 

* Pan-European FTSEurofirst 300 index up 0.75 pct

* Zodiac falls on delays in plane toilet deliveries

* Casino gains after selling some real estate (Adds details, updates prices)

By Atul Prakash and Danilo Masoni

LONDON/MILAN, Dec 16 (Reuters) - European shares rose on Wednesday after a choppy start as investors awaited the outcome of a crucial rate-setting meeting of the U.S. Federal Reserve for clues about the market's near-term direction.

The pan-European FTSEurofirst index was up 0.66 percent by 1200 GMT, after climbing 2.9 percent in the previous session following a rebound in crude oil prices.

Zodiac Aerospace fell 3.6 percent, the worst performer in the FTSEurofirst 300, after saying it was behind schedule in supplying toilets for the Airbus A350.

The company is only just emerging from a year-long crisis over delays in production of aircraft seats that disrupted some airplane deliveries.

Many investors remained cautious before the conclusion of the Fed's two-day policy meeting, after which the U.S. central bank is expected to announce its rate hike in nearly a decade.   Continuación...