European stock markets slip, Asian markets advance ...Egypt

BEIJING (AP) — European stock markets opened lower Wednesday while Asia advanced as investors awaited an update from the Federal Reserve on possible plans to reduce US stimulus. Wall Street futures also declined a day after the benchmark S&P 500 index eased off a record high following weaker-than-expected US retail sales. Investors waited for minutes from July’s meeting of the Fed policy committee for an update on when the US central bank might reduce bond purchases that pump money into the financial system and look at raising interest rates. Some Fed officials, citing strong hiring growth and rising inflation, say policy normalization should start soon. Others argue the Fed needs to see str

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