- September 17, 2024
- By: Admin1_blog
- EU Market, Indices
Karen Gilchrist@_karengilchrist
LONDON — European stocks were higher Tuesday, as upcoming central bank meetings remain in focus.
European markets
| TICKER | COMPANY | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|
| .FTSE | FTSE 100 | 8342.49 | 64.05 | 0.77 |
| .GDAXI | DAX | 18701.73 | 68.62 | 0.37 |
| .FCHI | CAC 40 Index | 7488.27 | 38.83 | 0.52 |
| .FTMIB | FTSE MIB | 33791.04 | 221.06 | 0.66 |
| .IBEX | IBEX 35 Idx | 11680.2 | 99.2 | 0.86 |
The pan-European Stoxx 600 index was 0.45% by 8:56 a.m., with all sectors and major bourses in the green. Mining stocks were up 0.87% while financial services were 0.79% higher.
Shares of Commerzbank hit a 12-year high on reports from Bloomberg that UniCredit is seeking approval from the European Central Bank to build up a 30% stake in the company. Shares pared earlier gains to trade nearly flat.
Elsewhere, retail stocks added 1.45%, led by British home improvement firm Kingfisher, which jumped 7.02% after it raised the lower end of its profit range on improved sales.
It follows a negative start to the week for the regional benchmark, which closed 0.2% lower Monday.
Investors are awaiting key monetary policy decisions the week, with the U.S. Federal Reserve widely expected to cut rates for the first time in four years on Wednesday.
Policymakers at the Bank of England and the Bank of Japan also meet on Thursday and Friday, respectively.
Asia Pacific markets were mixed on Tuesday, with Japan’s Nikkei 225 dropping over 2% as the yen strengthened ahead of the Fed decision. U.S. futures were little changed.
Back in Europe, economic sentiment data is due out of Germany and the wider region.
Source : cnbc
