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FRANKFURT

THE DAX share index gave up early gains as investors sat on their hands ahead of the Federal Reserve's decision on interest rates. The DAX closed up 0.05 per cent, or 2.58 points, at 5,359.53.

"People are worried about doing anything before tomorrow," one trader said.

Most market players were expecting the Fed to lift rates by 0.25 per cent but fears that they might make a different decision kept investors away from the market, traders said.

Deutsche Telekom was the most traded stock, ending up 0.62 per cent, adding to Monday's 2 per cent gain after issue of new stock.