LONDON — European stock markets edged up in morning trading on Wednesday ahead of monetary policy updates at the U.S. Federal Reserve and the Bank of Japan later this week.

The DAX in Frankfurt climbed 0.4 percent to 10,303.72, followed by the CAC 40 in Paris and the FTSE MIB in Milan, which were both up 0.3 percent, to 4,548.53 and to 18,738.41 respectively. The FTSE 100 in London was broadly flat at 6,285.72.

The euro traded at $1.13, while the pound fetched $1.45 and the Swiss franc equaled $1.03 at 9:25 a.m. CET.

Retail and luxury stocks were uneven, with the morning’s biggest gainers including Adidas, which climbed 5.2 percent to 113.35 euros, after the company boosted its guidance for 2016.

The German sporting goods brand released preliminary results on Wednesday, saying net income from continuing operations should increase between 15 percent and 18 percent, up from previous guidance of 10-12 percent.

Other risers included Swatch Group, 1.1 percent to 65.10 Swiss francs; Geox, 1.9 percent to 2.85 euros, and MySale Group, 2.4 percent to 0.54 pounds.

Among the morning’s fallers were, 6.1 percent to 0.27 pounds; French Connection, 3.8 percent to 0.38 pounds, and Tesco, 2 percent to 1.80 pounds.

The U.S. Federal Reserve is expected to update the public on monetary policy later today while the Bank of Japan is set to make a statement on Thursday.

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