European shares rise in early trading led by banking sector and financial companies

European stocks rose during morning trading on Wednesday, led by banks and financial companies sector, after the Bank of Japan's failure to cut interest rates further the negative zone, while investors later in today awaiting "the US central" US Federal Reserve decisions at the end of extended meeting from yesterday

The Dow Jones Stoxx Europe 600 Index rose 1.2 percent by 10:32 pm GMT, index closed yesterday's session down 0.1 percent as investors refrain to build new positions ahead of the decisions of the central banks in Japan and the United States of America.

Banks and financial companies sector achieved an increase exceeded 2 percent to be the biggest winner among all sectors of the Dow Jones Stoxx Europe Index, heading towards the biggest daily gain since the mid of last July .

Bank of Japan at the conclusion of its meeting decided to maintain the fixed interest rates unchanged at minus 0.1% and monetary stimulus program at 80 trillion yen annually, the bank pointed for buying more exchange-traded funds.

Market expectations is for more bank cut of interest rates in a negative zone and making interest rates is the main axis of the extensive stimulus policies of the bank.

Futures for the S & P 500 rose 0.6 percent, and the index ended yesterday's session on Wall Street up less than 0.1 percent, and investors later in today waiting for decisions and the statement of US Federal Reserve Council at the end of its meeting extended since yesterday, the Bank shall issue the decisions and monetary policy and the economic outlook by 18:00 GMT.

And Janet Yellen speaks by 18:00 GMT to comment on the bank's decisions and to talk about the future of raising US interest rates during the current year in light of recent developments for the US economy.

As for the most important European markets indices; euros Stoke 50 index rose 1.4 percent, and France's CAC 40 Index climbed 1.3 percent, and Germany's DAX index rose 1.2 percent, and in London FTSE 100 rose 0.4 percent amount.