(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) Aug 25 (Reuters) - European stocks edged higher on Wednesday, with travel stocks rising for a fourth day, while markets globally were range-bound ahead of a policy update from the U.S. Federal Reserve later this week. The pan-European STOXX 600 index rose 0.1% at 0717 GMT after a record close on Wall Street. The European benchmark itself was just less than a percent away from its peak. Travel and leisure stocks gained 0.7% to hit their highest level in over a week. Data from Germany’s Ifo institute is expected to show business morale eased further in August after falling unexpectedly in July due to concerns about a rise in COVID-19 cases and supply chain issues. Among stocks, Swedish radiation therapy equipment maker Elekta slid 6.4% after saying it was preparing for higher supply chain and related costs after profits tumbled in the three months to July. UK food delivery firm Deliveroo slipped 1.8%, while British supermarket Morrisons edged up after news it was set to enter the UK’s blue-chip FTSE 100 index. (Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta) Our Standards: The Thomson Reuters Trust Principles.