German data lifts European shares as Fed decision looms

Financial markets were cautious on Wednesday as investors awaited the Federal Reserve’s keenly awaited policy decision and an outside chance it could announce it was trimming its massive stimulus program immediately. European shares tiptoed higher, helped by a strong German business sentiment survey, but it was little more than fine tuning ahead of the Fed’s statement. Moves in the dollar and benchmark U.S. and European government bonds were also tight. The debate over when the Fed will begin to halt the flow of cheap dollars has dominated trading worldwide for months amid worries it could trigger a turbulent reaction from investors who have become all too used to the support.


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