On July 21, 2024, tourists were visiting the city center in Munich, Germany.
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LONDON – European stocks were higher on Tuesday, with upcoming central bank meetings remaining in focus.
Pan-European Stoxx 600 Index As of 11:10 a.m., gains were 0.75%, with all major exchanges and nearly all sectors in the green. Banking stocks rose 1.33% and technology stocks rose 1.23%.
According to Bloomberg, UniCredit Bank is seeking approval from the European Central Bank to increase its stake in the company by 30%, and the company’s stock price hit a 12-year high. Shares gave up early gains and were trading almost flat.
Elsewhere, retail stocks rose 2.15%, led by British home improvement companies kingfisherup 6.4% after fundraising The lower limit of its profit range On the improvement of sales.
It comes after the region’s benchmark index got off to a rocky start to the week, closing down 0.2% on Monday.
Investors are awaiting key monetary policy decisions this week, with the Federal Reserve widely expected to cut interest rates for the first time in four years on Wednesday.
Policymakers from the Bank of England and the Bank of Japan also meet on Thursday and Friday respectively.
Asia Pacific market Tuesday was mixed, with Japan’s Nikkei 225 down more than 2% as the yen strengthened ahead of the Fed’s decision. US futures Not much has changed.
Back in Europe, Tuesday’s ZEW Economic Sentiment Index showed that German economic confidence fell slightly in September, another sad sign of the country’s struggling economy.
