Premarket: Stocks rise, yen gains after BOJ hikes rates

European shares followed Asian indexes higher on Wednesday after the Bank of Japan raised interest rates in a mostly unexpected hawkish pivot, sparking gains for the Japanese yen.

Oil prices rose from seven-week lows on escalating tension in the Middle East after Palestinian militant group Hamas said its leader Ismail Haniyeh was killed in the Iranian capital Tehran. On an action-packed Wednesday, central banks dominated investor attention. A Federal Reserve rates decision is due later in the day, with markets expecting the U.S. central bank to stand pat on rates but indicate cuts are on the way.

Wall Street stocks were set for gains, with futures gauges showing advances of between 0.2% and 1.5%.

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