The European stock exchanges take courage as they wait for the Fed.
The focus is on what moves it will make on rates.
The market wonders whether the US central bank will hold back on the upside or continue.
The forecast of analysts is 0.25%.
Meanwhile, the euro is approaching 1.08 dollars (1.0793) while the area index of the Old Continent rises by a quarter of a point with Wall Street futures remaining negative.
Especially the banks are recovering.
The spread between BTPs and Bunds is in slight tension and rises to 184 points with the yield on the Italian ten-year bond growing to 4.18 percent.
In Milan (Ftse Mib +0.14% to 26,590 points) Mps, Bper and Intesa Sanpaolo (+1%), Unicredit (+0.9%) and Fineco (+1.5%) stand out.
On the latter Equita reiterates its preference.
A report underlines that Italian institutions are well equipped to deal with a worsening macro environment, with solid capital and liquidity buffers, while the dynamics of interest rates will guarantee a higher level of profitability than in the past.
Energy down with A2a (-1.6%), Terna (-1.12%), Snam (-0.96%).
The price of gas drops almost 4% below 41 euros per megawatt hour in Amsterdam
Among the other squares, Paris gains 0.34%, Madrid 0.49%.
The best is Frankfurt (+0.64%).
Instead, London is at parity while the United Kingdom has to deal with inflation which rose to 10.4% in February and above forecasts.
On the raw materials front, oil remains weak with WTI still below 70 dollars a barrel and Brent close to 75 dollars.