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Market Update: European Shares Set to Rebound on Tuesday
European stocks headed for a positive start on Tuesday, trying to recover from a sharp decline on Monday that sent major indexes to multi-month lows amid lingering concerns over global growth and inflation. Investors continued to worry about the future of embattled developer China Evergrande Group even as they bet Beijing will not let the crisis spiral out of control, while the Federal Reserve is expected to step closer to tapering on Wednesday. Elsewhere, OECD economic forecasts are due today as well as earnings reports from British DIY retailer Kingfisher and French nursing home operator Orpea. [/s2If]
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