GLOBAL MARKETS - European stocks close higher with central banks in focus
Istanbul, September 17 (Hibya) - European stocks closed higher Tuesday, rebounding from a negative session at the start of the week as upcoming central bank meetings remained in focus.
The pan-European Stoxx 600 index provisionally closed 0.42 percent higher, trimming earlier gains. Banks were up 1 percent, while autos were 0.96 percent higher.
Shares of Commerzbank hit a 12-year high, while retail stocks added 2.8 percent, led by British home improvement firm Kingfisher, which jumped more than 10 percent after it raised the lower end of its profit range on improved sales.
U.S. stocks were higher in morning deals, with the S&P 500 hitting a record high.
Policymakers at the Bank of England and Japan also to meet on Thursday and Friday, respectively.
The ZEW Economic Sentiment Index showed Tuesday that German economic sentiment darkened slightly in September, another sign of trouble for the country’s troubled economy.
Asia Pacific markets were mixed on Tuesday, with Japan’s Nikkei 225 dropping over 2 percent as the yen strengthened ahead of the Fed decision.
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