European stock markets moved cautiously higher at the open on Wednesday as investors waited for a policy decision from the U.S. Federal Reserve and minutes from the Bank of England's June meeting. The Stoxx Europe 600 index rose 0.2% to 347.09, setting it on track for an almost one-week closing high. Shares of Hennes & Mauritz AB added 0.9% after the Swedish fashion retailer posted a 25% rise in second-quarter profit. Shares of Voestalpine AG gained 0.9% after Citi lifted the steel maker to buy from neutral. Among country-specific indexes, the U.K.'s FTSE 100 index advanced 0.3% to 6,783.94 ahead of the BOE minutes out at 9:30 a.m. London time, or 4:30 a.m. Eastern Time. Germany's DAX 30 index climbed 0.1% to 9,933.92, while France's CAC 40 index picked up 0.2% to 4,544.55.

Copyright © 2014 MarketWatch, Inc.