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European shares edge higher, focus on Fed decision

Reuters - UK Focus

LONDON, Sept 15 (Reuters) - European shares edged higher in early trading on Tuesday, with investors waiting for the outcome of a crucial policy meeting of the U.S (Other OTC: UBGXF - news) . Federal Reserve on interest rates.

A Fed announcement is scheduled for Thursday after a two-day meeting at which it will decide whether or not to make its first interest rate increase since 2006.

At 0710 GMT, the pan-European FTSEurofirst 300 index was up 0.3 percent at 1,398.06 points. The index ended 0.5 percent lower in the previous session.

E.ON and RWE (Xetra: 703712 - news) both fell about 2 percent after Spiegel Online reported that German energy companies were short of as much as 30 billion euros ($34 billion) of the money they need to set aside to build a safe disposal site for nuclear waste as part of the country's exit from nuclear power. (Reporting by Atul Prakash; Editing by Sudip Kar-Gupta)