European Stocks Rise

European stocks rebounded Wednesday, lifted by some upbeat corporate news, with investors awaiting a U.S. Federal Reserve statement for clues on the likely timing of a rise in interest rates.

The Stoxx Europe 600 index was 0.3% higher in early trading, steadying after Tuesday's 1% decline amid worries about Greek politics and some disappointing earnings news.

Those losses had spread to the U.S., but a blockbuster earnings report from Apple after the U.S. close helped to soothe nerves. Technology shares in Europe felt the benefit of Apple's record-breaking quarter, rising more than 1%. Chip supplier ARM Holdings PLC was among the top risers on the Stoxx 600. Electrolux AB and Nordea Bank AB also surged after well-received quarterly reports.

Greek shares remained under pressure with investors continuing to fret about a showdown between the new government and its creditors. Athens's main stock index fell by 0.8%. Greek government bonds continued to weaken, with the 10-year bond yield climbing slightly to 9.66%. Yields rise as prices fall.

In currency markets, the euro slipped 0.1% against the dollar to $1.1354. The currency had recovered from 11-year lows on Tuesday amid broad weakness for the buck.

After some patchy economic data, "markets seem wary that Wednesday's [Fed] statement could bring a dovish shift in message," said currency strategists at BNP Paribas. Still, the Fed is likely to provide a renewed boost for the dollar by sticking to its message that rates will rise this year, they said.

In commodities markets, Brent crude oil was down 1.3% at $48.98 a barrel, and gold was 0.3% lower at $1,287.60 an ounce.

Write to Tommy Stubbington at [e-mail]

Access Investor Kit for Nordea Bank AB

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=FI0009902530

Access Investor Kit for ARM Holdings Plc

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=GB0000595859

Access Investor Kit for Electrolux AB

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=SE0000103814

Access Investor Kit for Nordea Bank AB

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=SE0000427361

Access Investor Kit for Electrolux AB

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US0101982082

Access Investor Kit for Apple, Inc.

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US0378331005

Access Investor Kit for ARM Holdings Plc

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US0420681068

Access Investor Kit for Nordea Bank AB

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US65557A2069

Subscribe to WSJ: http://online.wsj.com?mod=djnwires