A two-day rally in European shares faltered this morning as investors turned their attention to the US Federal Reserve’s interest rate decision.

At 10:11 Greek time, the pan-European STOXX 600 index registered marginal gains after a two-day recovery fueled by a rally in banking stocks following the announcement of a series of measures to support the sector.

The European banking index rose 0.2% after jumping 5% in the previous two sessions.

The Fed is expected to announce a quarter percentage point rate hike later today.

The euro strengthens by 0.09%, to 1.0782 dollars

In the foreign exchange market, the euro against the dollar is up 0.09% at $1.0782.

The euro is at 142.8640 yen, 0.8779 against the pound and 0.9938 against the Swiss franc.

The dollar’s exchange rate is marginally strengthened by 0.05% against the yen and stands at 132.5300 yen.

Sterling is up 0.28% against the dollar at $1.2279.