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European Shares Mostly Ease Ahead of FOMC Meeting

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European shares were mostly softer before the Federal Open Market Committee begins a two-day policy meeting on Tuesday.

Most economists expect the FOMC to delay its tapering move after the government shutdown likely trimmed GDP and disrupted the flow of government data releases.

Auto stocks were weak after JPMorgan downgraded automakers to neutral from overweight.

In the United States, better-than-expected data had little effect on sentiment. Industrial production rose 0.6% in September, the biggest monthly gain in seven months. Economists had expected a 0.4% rise.

In ADR news, Aviva ( AV ) was hit by bad weather, which disrupted flights and caused regional power outages.

The FTSE-100 was last up 0.07% at 6,725.82, DAX down 0.08% at 8,978.65 and the CAC-40 down 0.48% at 4,251.61.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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