Europe shares turn negative; focus on Fed meeting

LONDON, Nov 3 (BestGrowthStock) – European shares turned negative in
early trade on Wednesday, after hitting six-month closing highs
in the previous session, on nervousness ahead of the outcome of
a U.S. Federal Reserve’s meeting on monetary easing.

At 0824 GMT, the FTSEurofirst 300 (.FTEU3: ) index of top
European shares was down 0.1 percent at 1,092.83 points after
rising in the previous four sessions.

The Fed is likely to announce its plans on quantitative
easing, with markets pricing in that the central bank will
commit to buy at least $500 billion in Treasuries over five
months. The scope and pace of bond purchase, however, is
uncertain.
(Reporting by Atul Prakash)

Europe shares turn negative; focus on Fed meeting