GLOBAL MARKETS - European stocks higher with central bank decisions in focus
Istanbul, September 17 (Hibya) - European stocks were higher Tuesday as upcoming central bank meetings remain in focus.
The pan-European Stoxx 600 index was 0.45 percent by 8:56 a.m., with all sectors and major bourses in the green. Mining stocks were up 0.87 percent, while financial services were 0.79 percent higher.
Retail stocks added 1.45 percent, led by British home improvement firm Kingfisher, which jumped 7.02 percent 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 percent lower Monday.
Investors await 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 (BOE) and the Bank of Japan (BOJ) to meet on Thursday and Friday, respectively.
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. U.S. futures were little changed.
In Europe, the economic sentiment data is from Germany and the rest of Europe.