European shares edge higher

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.

Fidelity European Trust PLC (LON:FEV) aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

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