Global stocks advance ahead of Fed’s interest rate decision

HONG KONG: Global shares were higher Wednesday despite losses on Wall Street, as investors await the Federal Reserve’s decision on interest rates, with high expectations of a hike. The potential hike will be the first in three years as inflation remains elevated in the United States and above the Fed’s target. Meanwhile, U.S. futures edged higher. In early European trading, Britain’s FTSE 100 rose 0.2% to 10,681.92. France’s CAC 40 climbed 0.2% to 8,103.73, while Germany’s DAX edged up 0.1% to 25,424.65. In Asia, Japan’s Nikkei 225 gained 0.7% to 63,923.00, despite official data showing that Japan recorded a fourth…