European shares rose on Wednesday as investors turn optimistic that US Federal Reserve may signal a pause in its 14-month tightening cycle after raising interest rates for the last time later in the day.
The European STOXX 600 index inched up 0.2 percent by 0715 GMT, after a sharp selloff in the previous session. Oil and gas shares were the top gainers on the index, rising 0.6 percent, recovering some of its losses from Tuesday.
Automobile shares were in the red, falling 0.8 percent.
Investors anticipate that the Fed will follow through with a quarter percentage point hike at the end of its latest two-day policy meeting.
Source: Qatar News Agency
