European shares edged up on Wednesday on a boost from chemical manufacturers even though investors broadly stayed away from risky bets ahead of the Federal Reserve’s much-anticipated interest rate decision and policy outlook.
The pan-European STOXX 600 (.STOXX) rose 0.2% by 0915 GMT. Germany’ benchmark DAX (.GDAXI) and France’s CAC-40 (.FCHI) were up 0.1% and 0.3%, respectively, after scaling intraday record highs on Tuesday.
“There’s quite a lot of risk event going on with the ECB next and we are just seeing caution ahead of that,” said Daniela Hathorn, senior market analyst at Capital.com.
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