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European and Asian Stocks Higher Amid Recovery Optimism

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European stock markets followed Asia higher on Tuesday after the Asian Development Bank upgraded its growth forecasts for major economies like China and India and said the region is leading a global recovery. Wall Street was set to gain, the Times explains. Investors will watch closely what the Fed has to say about the economy and the scale of the recovery after its meeting wraps up Wednesday. The Fed is widely expected to leave rock-bottom interest rates unchanged, though investors will be looking for clues in the central bank's statement about when hikes might start.
SOURCE:   New York Times