European markets continue march to record highs as Fed meeting looms

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European stocks were fractionally higher to start the week as investors look ahead to the June meeting of the U.S. Federal Reserve.

The Fed is expected to leave monetary policy unchanged and again downplay talk of tapering its stimulus program, but markets will be watching for comments on inflation.

Bitcoin rallied on Monday after Tesla CEO Elon Musk suggested the electric vehicle maker may once again accept transactions in the cryptocurrency in future. European stocks advanced higher to start the week as investors look ahead to the June meeting of the U.S. Federal Reserve.gained 0.55% in early trade after closing last week at a record high. Oil and gas stocks climbed 0.9% to lead gains as all sectors and major bourses nudged into positive territory.

The Federal Open Market Committee will meet on Tuesday and Wednesday. The Fed is expected to leave monetary policy unchanged and again downplay talk of tapering down its stimulus program. However, markets will be watching for hints as to whether the central bank is starting to worry that the current spike in inflation may not be transitory.

were mixed on Monday with markets in mainland China, Hong Kong and Australia closed for public holidays.were little changed in early premarket trade after the S&P 500 closed out last week at a record high.

 

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