Europe open: Shares rally ahead of Fed call; Temenos surges

(Sharecast News) - European shares rallied to post gains at the open on Wednesday as traders awaited a rate decision from the US Federal Reserve later in the day and assessed a wave of corporate results and updates. The pan-regional Stoxx 600 index rose 0.13% in early deals to 576 with all major regional bourses higher.

Markets have priced in a 25 basis point cut with expectations of further reductions in December and January as policy makers grapple with a weak jobs market and the impact of President Donald Trump's erratic tariff policy.

In equity news, banking technology provider Temenos surged after a lifting full-year forecasts.

UK clothing retailer Next also jumped as it also raised annual guidance.

Sweco advanced as the Swedish engineering consultancy posted solid third-quarter results.

Reporting by Frank Prenesti for Sharecast.com