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Traders in the US have some big events to react to this week.

The US Federal Reserve begins a two-day meeting on Tuesday and will announce its decision at 14:00 EST/19:00 BST on Wednesday, with a news conference half an hour later.

The Fed is not expected to raise interest rates, but analysts will be picking through the Fed's comments for hints on when a rate increase might come.

Also on Tuesday Apple reports results, analysts will be keen to see how sales of the iPhone are faring.

In the UK BP reports results on Tuesday and on Wednesday economic growth figures for the second quarter are released.