European markets open higher despite nerves over China; Upcoming Fed Meeting

On Tuesday, the start of the much-anticipated US Federal Reserve meeting in September is high on the investor agenda. Fed Chairman Jerome Powell will hold a press conference on Wednesday following the two-day meeting with investors looking for indications of the Fed’s cut to its accommodative monetary policy.

Powell said the reduction could happen this year, but investors are waiting for more details, especially after the release of mixed economic data since Powell’s last comments.

There are no major European profits, but the Universal Music Group IPO is one to watch on Tuesday. There is no publication of important data in the region.