Europe edges up but awaits Fed
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European shares edged higher as oil prices fell to seven-week lows easing pressure on companies&#39; margins, but activity was muted ahead of the Federal Reserve&#39;s decision on interest rates later Wednesday.
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The dollar edged up on Tuesday but buying  was light as investors remained cautious ahead of a U.S.  interest rate decision and, later in the week, current account  data that could underscore bearish sentiment on the currency.
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European equity markets crept higher on Monday, lifted by the strong finish in the US on Friday and a robust start to the week in Asia.
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US stocks edged barely higher in early Tuesday afternoon trading as investors anticipated the Federal Reserve would stay on its course of only &quot;measured&quot; interest-rate increases.
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The euro edged higher in European morning trade on Friday as Germanyâs influential IFO survey beat expectations. The index of business sentiment rose to 96.2 in December, the highest
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European industrial growth showed little signs of slowing last month, according to closely watched surveys on Monday that set the scene for further central bank interest rates rises.
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European equities neared 32 month highs  Friday as the market made cautious progress following Wall  Street gains overnight, while the dollar regained its poise  after whipsaw moves on anxiety over the massive U.S. trade gap.
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The dollar edged higher against the euro  on Wednesday, after a downbeat outlook for European growth  prompted investors to buy back the U.S. currency after heavy  falls.
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The European Central Bank is expected to keep interest rates steady at 2 percent on Thursday, with markets looking for any hint that the central bank's worries about growth have heightened.
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Stock index futures edged up before the start of Wall Street trading on Wednesday with all eyes on retail sales data for clues about the health of the U.S. economy and the Federal Reserve's next monetary policy move.
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The dollar edged higher against the  Swiss franc and the euro on Monday as traders took profits  after the head of the European Central Bank said the euro zone  unit's recent climb against the dollar was "brutal" and  unwelcome.
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The euro hovered near two-month highs on  Friday as key U.S. data loomed and as traders awaited a Group  of Seven meeting of finance ministers, while oil-fired  inflation fears lifted gold close to a 5-1/2 month high.
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Europe's main stock exchanges edged higher on Monday after steep pre-weekend losses on Wall Street and ahead of a data-packed week, analysts said.
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Wall Street is seen opening slightly  higher on Tuesday, tracking gains in Europe and Asia as  investors around the world bet the Federal Reserve has another  interest-rate cut up its sleeve to help avert a recession.
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The dollar crept up on Wednesday,  enjoying some respite from recent falls due to caution ahead of  an announcement on U.S. interest rates and after more European  officials spoke out against the euro's rapid rise.
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The European Central Bank is expected  to keep interest rates steady at 2 percent on Thursday, with  markets looking for any hint that the central bank's worries  about growth have heightened.
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The dollar crept up on Wednesday,  enjoying some respite from recent falls ahead of an  announcement on U.S. interest rates and after more European  officials spoke out against the euro's rapid rise.