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European shares rise as oil rally pauses; Fed in focus

European shares rebounded on Wednesday after two sessions of declines, aided as an oil rally paused and lifting risk appetite ahead of the U.S. Federal Reserve policy decision.

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European shares recovered on Wednesday after two straight sessions of declines as the oil-price rally paused, supporting risk appetite ahead of the U.S. Federal Reserve's monetary policy decision. The pan-European STOXX 600 TVC:SXXP was up 0.4% at 636.81 points by 0705 GMT. Most major bourses were higher.

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