(MENAFN– ecpulse)
European shares advanced on Tuesday midday trading, with investors focusing on latest development in Ukraine and the Fed two-day meeting.
Russian President Vladimir Putin eased some of the tensions after he revealed he does not want to seize more territories Ukraine.
"Don`t believe those who try to frighten you with Russia and who scream that other regions will follow after Crimea… we do not want a partition of Ukraine, we do not need this," Putin said.
On the other hand, investors are keeping their attention on the Fed two-day meeting starting on Tuesday.
Analysts predict policymakers to slash another $10 billion of bond purchases to $55 billion.
Regarding fundamentals, a report released today showed German investor confidence fell for a third month in March.
In the U.S.., housing starts may show a rise to 913,000 in February from 880,000 a month earlier.
As of 07:41 EST, STOXX EUROPE 600 soared 0.35% to record 326.96 points. Financials led the advance with a rise of 0.78%, followed by Utilities which recorded 0.72% rise.
The highest shares were for SBM Offshore NV, as it advanced 7.63% to 11.50 EUR, while the biggest drop was recorded by Cairn Energy as its shares plummeted 10.94% to 175.00 GBP.
Looking at other the major European indices, the French CAC index edged up 0.97% to 4313.57 levels and Britain`s FTSE 100 index recorded 0.38% advance to 6593.06 points. Germany`s DAX index rose 0.56% to 9232.49 points .
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