LONDON (Reuters) – European shares closed higher on Wednesday, their third straight session of gains, supported by strong fourth-quarter corporate earnings and reports of takeovers that overshadowed worries about interest rate hikes ahead of decisions by major central banks.
The pan-European Stoxx 600 index ended the trading session 0.5% higher.
Markets are now awaiting the meeting of the European Central Bank and the Bank of England on Thursday, while rising inflation reinforces expectations for a rapid increase in interest rates.
Read also: European stocks recover from some January losses
Financial sector stocks were among the biggest gainers, with their index rising 1.1 percent, after it benefited in the past few weeks from the increased prospects of raising interest rates. European bank shares hit their highest level since September 2018.
This week, the Stoxx 600 regained more than half of its 4 percent loss in January, supported by strong corporate earnings for the fourth quarter.
LONDON (Reuters) – European shares closed higher on Wednesday, their third straight session of gains, supported by strong fourth-quarter corporate earnings and reports of takeovers that overshadowed worries about interest rate hikes ahead of decisions by major central banks.
The pan-European Stoxx 600 index ended the trading session 0.5% higher.
Markets are now awaiting the meeting of the European Central Bank and the Bank of England on Thursday, while rising inflation reinforces expectations for a rapid increase in interest rates.
Read also: European stocks recover from some January losses
Financial sector stocks were among the biggest gainers, with their index rising 1.1 percent, after it benefited in the past few weeks from the increased prospects of raising interest rates. European bank shares hit their highest level since September 2018.
This week, the Stoxx 600 regained more than half of its 4 percent loss in January, supported by strong corporate earnings for the fourth quarter.
LONDON (Reuters) – European shares closed higher on Wednesday, their third straight session of gains, supported by strong fourth-quarter corporate earnings and reports of takeovers that overshadowed worries about interest rate hikes ahead of decisions by major central banks.
The pan-European Stoxx 600 index ended the trading session 0.5% higher.
Markets are now awaiting the meeting of the European Central Bank and the Bank of England on Thursday, while rising inflation reinforces expectations for a rapid increase in interest rates.
Read also: European stocks recover from some January losses
Financial sector stocks were among the biggest gainers, with their index rising 1.1 percent, after it benefited in the past few weeks from the increased prospects of raising interest rates. European bank shares hit their highest level since September 2018.
This week, the Stoxx 600 regained more than half of its 4 percent loss in January, supported by strong corporate earnings for the fourth quarter.
LONDON (Reuters) – European shares closed higher on Wednesday, their third straight session of gains, supported by strong fourth-quarter corporate earnings and reports of takeovers that overshadowed worries about interest rate hikes ahead of decisions by major central banks.
The pan-European Stoxx 600 index ended the trading session 0.5% higher.
Markets are now awaiting the meeting of the European Central Bank and the Bank of England on Thursday, while rising inflation reinforces expectations for a rapid increase in interest rates.
Read also: European stocks recover from some January losses
Financial sector stocks were among the biggest gainers, with their index rising 1.1 percent, after it benefited in the past few weeks from the increased prospects of raising interest rates. European bank shares hit their highest level since September 2018.
This week, the Stoxx 600 regained more than half of its 4 percent loss in January, supported by strong corporate earnings for the fourth quarter.