Dow climbs ahead of Fed rate call

In early trading the index is up 1.29% (119.03 points) at 9,360.48, with investors expecting the Fed to issue a positive outlook and guidance on monetary policy while maintaining rates at 0.25%. Banking stocks are back in the black after this week's two day sell-off. Bank of New York (BNY) Mellon has climbed 3.5% to $29.04 on news of its £235m acquisition of Insight Investment, while JPMorgan Chase and Goldman Sachs are up 2.01% at $42.07 and 2.78% at $163.65 respectively. Meanwhile, the FTSE 100 shrugged off this morning's losses after banks reacted well to the Bank of England's quar...