European markets set for higher open despite nerves over China; Fed meeting ahead

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European markets set for higher open despite nerves over China; Fed meeting ahead
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European stocks are expected to open higher on Tuesday, bouncing back from heightened investor nerves over a Chinese property developer.

Top of the agenda for investors on Tuesday is the start of the U.S. Federal Reserve's highly anticipated September meeting. Fed Chair Jerome Powell will hold a press conference Wednesday at the conclusion of the two-day meeting with investors looking out for any indications about the Fed's tapering of its easy monetary policy.

Powell has said the tapering could occur this year but investors are waiting for more specifics, particularly after mixed economic data released since Powell's last comments. There are no major European earnings but Universal Music Group's IPO is one to watch for on Tuesday. There are no major data releases in the region.

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