Stock market today: World shares mostly higher as investors await Fed policy decision, price data

BANGKOK — Shares opened higher Monday in Europe after a mixed session in Asia as investors await an interest rate decision by the Federal Reserve.

Shares rose in most markets apart from Shanghai and Seoul and U.S. futures also advanced. Oil prices fell sharply.

Switzerland’s UBS said it has completed its takeover of embattled rival Credit Suisse in a government-arranged rescue combining the country’s two largest banks to safeguard the country’s reputation as a global financial center and choke off market turmoil.

Germany’s DAX jumped 1% to 16,109.01 and the CAC 40 in Paris advanced 0.9% to 7,278.89. Britain’s FTSE 100 edged 0.2% higher, to 7,576.14. The future for the S&P 500 gained 0.4% while that for the Dow Jones Industrial Average was up 0.2%.

Many observers expect the Fed to stand pat given recent data showing the U.S. economy slowing. This week also brings price figures…