LONDON (AFP) - European equities edged up on Wednesday, lifted by overnight gains on Wall Street and buoyant commodity prices, with investors on tenterhooks before a US Federal Reserve interest rate call. The FTSE 100 index gained 0.29 percent to 5,157.26 points in late morning deals. Frankfurts DAX 30 advanced 0.17 percent to 5,719.06 points and in Paris the CAC 40 added 0.14 percent to 3,828.97 points near the half-way stage. The DJ Euro Stoxx 50 index of top eurozone shares climbed 0.26 percent to 2,889.36 points. London stocks pared gains after news that Bank of England policymakers had voted unanimously earlier this month to freeze British interest rates at a record low and maintain its credit-easing policy. Later on Wednesday, the Federal Reserve will conclude a two-day meeting and is expected to hold to its massive economic stimulus programme as it seeks to support a fragile US recovery from recession. Analysts say that the Fed is certain to keep a near-zero interest rate along with an array of programs to keep credit flowing. The accompanying statement could provide hints on the speed and shape of the economic recovery, and any monetary policy response in the coming months. All eyes (are) on the Fed rate announcement and the tone of any accompanying statement, said Arifa Sheikh-Usmani, equity trader with financial betting firm Spreadex. I would expect markets to trade fairly sideways until that comes out later, she added. We are still seeing clients buying on weakness which shows that there is still some momentum in the market, however, the rally is certainly less enthusiastic than it was a couple of weeks ago. The Federal Open Market Committee (FOMC), headed by Fed chairman Ben Bernanke, will issue a statement at 1815 GMT. In foreign exchange trade on Wednesday, the dollar fell to a new one-year low against the euro amid expectations that US interest rates will remain low for a considerable length of time. The dollar has fallen sharply this week as many investors sold safehaven assets on the back of growing economic optimism, dealers said. The European single currency jumped as high as 1.4842 dollars in Asian trade on Wednesday, before pulling back slightly. Across the Atlantic on Tuesday, Wall Street had struck fresh 2009 highs on economic recovery optimism and company earnings prospects. The Dow Jones Industrial Average gained 0.52 percent to 9,829.87 points. The tech-heavy Nasdaq composite rose 0.39 percent to 2,146.30 while the broad-market Standard & Poors 500 index added 0.66 percent to 1,071.66 points. Meanwhile, leaders of the G20 key developed and developing countries will kick off two-day talks in the US city of Pittsburgh, Pennsylvania, on Thursday. They are expected to discuss ways to unwind their unprecedented support to fight the global economic crisis although they remain cautious for fear of jeopardizing a return to growth. The Tokyo stock market will reopen on Thursday after a series of public holidays.