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European shares rise as oil rally pauses; all eyes on Fed

European shares staged a recovery on Wednesday after two sessions of declines as a rally in oil prices paused, lifting risk appetite ahead of the US Federal Reserve’s monetary policy decision. The pan-European STOXX 600 was up 0.4% at 636.81 points by 0705 GMT. Most major bourses rose, with Germany’s DAX up 0.4%.

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