European Stocks Close Mostly Higher As Investors Await Fed Policy Announcement
(RTTNews) - European stocks closed slightly higher on Wednesday with investors largely making cautious moves, looking ahead to the Federal Reserve's monetary policy announcement due later in the day, and for more details about a U.S.-Iran peace deal that is expected to be signed
(RTTNews) - European stocks closed slightly higher on Wednesday with investors largely making cautious moves, looking ahead to the Federal Reserve's monetary policy announcement due later in the day, and for more details about a U.S.-Iran peace deal that is expected to be signed in Switzerland on Friday.
The Bank of England and the Swiss National Bank are scheduled to make their monetary policy announcements on Thursday.
While the Fed is widely expected to leave interest rates unchanged, the accompanying statement and new Chair Kevin Warsh's post-meeting comments could impact the outlook for rates.
The pan European Stoxx 600 climbed 0.52%. The UK's FTSE 100 and Germany's DAX edged up 0.14% and 0.1%, respectively, while France's CAC 40 drifted down 0.2%. Switzerland's SMI gained 0.39%.
Among other markets in Europe, Austria, Belgium, Denmark, Netherlands, Portugal, Spain and Sweden ended with sharp to moderate gains.
Czech Republic, Finland, Greece and Ireland posted modest gains.
Iceland, Poland, Russia and Türkiye closed weak, while Norway ended flat.
In the UK market, Endeavour Mining climbed 5%. Persimmon, Barclays, Weir Group, Barratt Redrow, Metlen Energy & Metals and Standard Chartered gained 2%-4%.
