(Bloomberg) -- Stocks rose in Europe, buoyed by rallies in the U.S. and China, and crude oil extended gains while bonds fell amid the countdown to Thursday’s Federal Reserve policy decision.

Emerging-market stocks climbed toward the highest level this month and currencies from South Korea to Russia rose as a late-day rally in Shanghai bolstered sentiment. German bonds fell for a third day after the government missed its sales target at an auction. The pound strengthened and gilts dropped after U.K. wages grew at their fastest pace in more than six years, while the yen was little changed after Standard & Poor’s downgraded Japan.

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