LONDON — European stocks are expected to open higher on Wednesday as investors brace themselves for the latest monetary policy announcement from the U.S. Federal Reserve.

The U.K. FTSEIndex opens 69 points higher than its previous 7,446, Germany opening. DAX 81 points higher at 15,217, France’s CAC 40 up 53 points at 6,898 and Italy’s FTSE MIBAccording to data from IG, 26172 was 266 more points

Europe is seeing a positive beginning after the markets closed higher Tuesday. Investors sifted through corporate earnings and recouped some losses that Monday’s dramatic sell-off.

However, investors around the world will focus on Wednesday’s Fed Policy Update as its two-day Meeting ends.

Market concerns were also dominated by geopolitical tensions at Russia’s Ukraine border. Vice President Joe Biden spoke with European leaders Monday amid fears of a possible Russian invasion of Ukraine and on Tuesday, he said that he would consider imposing personal sanctions on Russian President Vladimir Putin if Russia attacked its neighbor.

Europe’s earnings come from LonzaData releases for Wednesday include Russian producer prices in December