European Market Wrap: markets higher ahead of Fed

European markets move steadily higher ahead of the Federal Reserve interest rate decision.
No changes in U.S. monetary policy are expected. However, the FOMC could indicate when it will reduce its balance sheet of U.S. securities. The tone of the FOMC statement will also be important for markets.
On the European markets it is oil stocks that leading the way after Tullow Oil reported higher revenues in the first half.
Oil also in focus, as Brent trades above $50.


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