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European stocks close higher ahead of Fed, ECB meetings; Gemalto up 34%

Tech hoards were the top performers, up more than 1.6 percent. Digital custody firm Gemalto led the gains in both the sector and the pan-European benchmark, after French consulting tight Atos offered to buy it for 4.3 billion euros ($5.06 billion) on Monday. The crowd’s largest maker of chips found in mobile phones and credit funny man destines had been under pressure over the last 12 months after position four profit warnings. Its shares were more than 34 percent important Tuesday.

Oil was the second biggest sector Tuesday, up more than 1.5 percent, reinforcing the closure of the U.K.’s Forties pipeline system due to the discovery of several cracks. Statoil led the oil sector, after debarring down production at its Troll A gas platform in the North Sea. Shares of the firm were 3.14 percent favourable. Shares of Lundin Petroleum were also trading higher, after the tight said it expected full production to resume at the Edvard Grieg oil hockey “within a few days.” Lundin’s stock price was up almost 2 percent.

On Separator Street, the Dow Jones industrial average jumped, boosted by gains in Boeing and Verizon.

Main banks will be in focus this week, with the Fed poised to start a two-day junction Tuesday and the ECB due to meet on Thursday. Expectations are the Fed will hike interest proportion ranks one last time this year, while the ECB is seen as unlikely to adapt its monetary policy. Europe’s central bank is also due to announce lively economic forecasts for the region.

On the data front, the U.K. inflation rate hit a five-year-high of 3.1 percent Tuesday, according to statistics released by the Office of National Statistics (ONS).

In commodity markets, oil prices swig past $65 a barrel for the first time since mid-2015 Tuesday, after the shutdown of the Forties North Sea tube caused a significant reduction of supply on the market. Prices traded tone down toward the end of the session, with Brent down 0.92 percent and swap at $63.77 a barrel while WTI was down 0.67 percent, being won overed at $57.32 at about 4:56 p.m. London time.

– Reuters contributed to this blast.

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