Pedestrians leave and enter the London Stock Exchange in London, Britain August 15, 2017. REUTERS/Neil Hall
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European stock markets rose solidly Wednesday, while the pound briefly won support from well-received U.K. employment data, as investors looked ahead to the release of Federal Reserve minutes for clues on the U.S. interest rate outlook.The data lifted the pound from a one-month low to briefly trade higher than $1.29 before sliding back.Minutes due to be released later Wednesday from the latest U.S. Federal Reserve meeting will be scrutinized by the market.Elsewhere, calm returned to Asian stock markets, with equities stabilizing after a two-day rally, as the dollar strengthened on upbeat U.S. economic data.American Petroleum Institute said U.S. commercial crude stockpiles declined by 9.2 million barrels last week, ahead of U.S. Energy Information Administration data later Wednesday which could further buoy prices.
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