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Europe close: Periphery stocks lag following latest political moves
European stocks were little changed on Tuesday as financial markets steadied following the weekend's attacks on a key Saudi oil processing facility and oilfield, albeit with investors treading cautiously ahead of the US Federal Reserve's policy decision scheduled for the next day.
Wednesday preview: US-China trade talks, Fed meeting in focus
Traders will have their plates full on Wednesday as the 13th round of US-China trade consultations get underway in Washington DC and rate-setters at the Federal Reserve announce their latest policy decision.
Commodities: Oil futures retreat on hopes for Saudi output resumption
Commodity prices retraced part of Monday's advance following reports that Saudi oil output might return to normal in two to three weeks' time and that Riyadh was already close to having recovered almost 70% of the output lost after the drone and cruise missile attacks against its two key installations at the weekend.
London close: Stocks in holding pattern amid geopolitical worries
London stocks finished Tuesday's session much as they had started it and with investors cautious amid the ongoing geopolitical tensions in the Middle East, even as they monitored the day's proceedings at the UK Supreme Court and prepared for a key policy decision by the Federal Reserve.
Brent futures drop on report Saudi output may be fully restored in weeks
Saudi's lost crude oil production following the cruise missile attacks at the weekend may be fully restored over the next two to three weeks, Reuters reported citing two sources briefed on developments.
US industrial production beats forecasts in August thanks to 'one-offs'
US industrial output bounded past forecasts during the previous month amid widespread gains by categories, but economists said the underlying trend continued to point lower.
Source tells CNN 'high probability' Iran launched attack against Saudi
According to a source familiar with the investigation cited by CNN, Iranian forces apparently launched low-flying cruise missiles over southern Iraq and Kuwait in an apparent attempt to conceal the site of the launch, to the north of Saudi.