PARIS, Nov 4 (Reuters) - Financial bookmakers expected to
see the leading European benchmark rising on Wednesday, bouncing back from the
previous session's steep losses ahead of the U.S. Federal Reserve's rate
decision and statement.
Financial spreadbetters expected Britain's FTSE 100 .FTSE to open 27 to 30
points higher, or as much as 0.6 percent, Germany's DAX .GDAXI to open 39 to
42 points higher, or as much as 0.8 percent, and France's CAC-40 .FCHI to open
38 to 41 points higher, or as much as 1.1 percent.
The Fed is expected to reaffirm that policies to support the economy will
stay in place for some time, even as signs of recovery mount. [ID:nFEDAHEAD]
The banking sector will be in focus after French lender Societe Generale
(SOGN.PA) missed forecasts with a third-quarter net profit that more than
doubled from a year ago, and said the economic environment remained uncertain.
European shares dropped 1.2 percent on Tuesday, hitting a one-month closing
low, with disappointing results from Swiss lender UBS (UBSN.VX) weighing on
banking stocks.
----------------------MARKET SNAPSHOT AT 0610 GMT----------------------
LAST PCT CHG NET CHG
S&P 500 .SPX 1,045.41 0.24 % 2.53
NIKKEI .N225 9,844.31 0.42 % 41.36
MSCI ASIA EX-JP .MIASJ0000PUS 453.16 1.90 % 8.47
EUR/USD EUR= 1.4736 0.04 % 0.0006
USD/JPY JPY= 90.33 0.03 % 0.0300
10-YR US TSY YLD US10YT=RR 3.471 -- 0.00
10-YR BUND YLD EU10YT=RR 3.284 -- 0.01
SPOT GOLD XAU= $1,083.55 -0.09 % -$0.95
US CRUDE CLc1 $79.34 -0.33 % -0.25
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S&P 500, Nasdaq end higher on deal news [ID:nN03373317]
Dlr edges down, Asia stocks up before Fed [ID:nT173386]
Nikkei up 0.4 pct as Fast Retailing gains, Fed eyed [ID:nT37563]
Dollar holds near 1-month high, Aussie trips on data [ID:nT173780]
Oil dips towards $79 after U.S. fuel stock rise [ID:nSP532978]
TREASURIES-Sit tight in Asia ahead of Fed, supply [ID:nT152370]
Copper gains, anticipating dollar fall after Fed [ID:nSP532277]
Gold eases after record highs, ETF inches higher [ID:nT126170]
(Reporting by Blaise Robinson, editing by Will Waterman)
