European equities moved higher on Wednesday, recovering some of the previous session's losses as investors awaited the Federal Reserve's interest rate decision. The Stoxx Europe 600 gained 0.5% after falling to its lowest level in three months on Tuesday. European markets have recently faced pressure from higher oil prices, risks to shipping in the Middle East and rising government bond yields. London's FTSE 100 advanced 0.4%, while France's CAC 40 gained 0.3%. Spain's IBEX 35 and Italy's FTSE MIB each rose 0.6%. Germany's DAX also increased, although the source did not specify the percentage change. Investors were awaiting the conclusion of the Federal Open Market Committee's two-day meeting later on Wednesday.
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