India, July 27 -- European stocks are seen opening higher on Monday as West Asia tensions eased somewhat, sending oil prices sharply lower and alleviating some inflation concerns ahead of the highly anticipated Federal Reserve interest-rate decision on Wednesday.
Currently, markets price in only a one-in-three chance of a Fed rate hike this week as inflation risks and tariffs cloud the economic outlook.
Investors await Fed Chair Warsh's press conference along with key PCE, durable goods orders and Q2 GDP readings this week for additional clues on the economic and rate outlook.
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