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Nov 1 Reuters Europe39;s benchmark index rose marginally on Wednesday, led by healthcare and retail stocks, with investors bracing for a policy decision by the Federal Reserve later in the day.

The panEuropean STOXX 600 was up 0.2 by 0930 GMT, after hitting a near twoweek high intraday, and set for its third straight day of gains. Trade volumes are expected to be light due to an All Saints39; Day observance.

The index registered its worst monthly performance in over a year in October, hurt by concerns about economic growth and interest rates staying higher for longer.

Capping gains in equities, however, was a rise in euro zone bond yields ahead of the Fed39;s policy outcome at 1800 GMT, where it is widely expected to hold its interest rates steady.

There is always some nervousness ahead of an FOMC meeting, given that there is always the potential for a surprise, said Stuart Cole, chief macro economist, Equiti Capital.

Data on Tuesday which showed inflation in the euro zone fell fast and the economy began to contract the dual impact of ECB39;s steady rate hikes, also remained in focus.

The market is taking comfort from falling CPI and the suggestion this has for rates in the eurozone is to have peaked. The poor GDP figures also suggest that the ECB will be reluctant to…