European shares advance as bond yields ease ahead of U.S. Fed's interest rate decision

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European shares advance as bond yields ease ahead of U.S. Fed's interest rate decision
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Sept 20 - European shares rose in a broad-based rally on Wednesday as government bond yields across the continent fell, while investors eyed the U.S. Federal Reserve's verdict on monetary policy tightening later in the day.Real estate stocks , often considered a bond proxy, advanced 2.2% as government bond yields fell.

"The Monetary Policy Committee would continue to monitor closely indications of persistent inflationary pressures and resilience in the economy as a whole, including the tightness of labour market conditions and the behaviour of wage growth and services price inflation." Investor focus will be on the Fed's policy decision due at 1800 GMT, where the U.S. central bank is expected to stand pat on interest rates.

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