European shares hit 4-month low on Greek standoff, dollar swings ahead of Fed


European shares hit a near four-month low and yields on lower-rated euro zone sovereign debt climbed to their highest point since November, as financial markets braced for the possibility of Greece defaulting on its debt.

Markets were also cautious ahead of the start of a two-day meeting of the Federal Reserve later on Tuesday, the latest step towards the US central bank's first rise in interest rates in almost a decade. But the focus remained squarely on Greece's fate in the euro zone after both Athens and its creditors.....

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