Bookies see European stocks rebounding ahead of Fed

Published: 03 Nov 2009 22:02:26 PST

PARIS, Nov 4 - 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 to open 27 to 30 points higher, or as much as 0.6 percent, Germany's DAX to open 39 to 42 points higher, or as much as 0.8 percent, and France's CAC-40 to open 38 to 41 points higher, or as much as 1.1 percent.

European shares dropped 1.2 percent on Tuesday, hitting a one-month closing low, with disappointing results from Swiss lender UBS weighing on banking stocks.