Financials, energy boost European shares; central bank verdicts eyed

March 19 - European stocks ended higher on Tuesday buoyed by strength in financial and energy sectors, while investors turned their focus to upcoming interest rate decisions from global central banks, including the U.S. Federal Reserve.The energy sector , opens new tab was among the top gainers with an 1.4% advance, as oil prices hit four-month highs.

Among other top central banks, the Bank of Japan ended eight years of negative interest rates on Tuesday, while the Bank of England is due to deliver its interest rate verdict later in the week. Unilever , opens new tab rose 3.1% after the company said it plans to spin off its ice cream unit into a standalone business, as the consumer goods group announced a new cost-savings programme that would cut 7,500 jobs.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hedge funds buy largest bulk of bank stocks in a year, Goldman saysHedge funds piled into bank and financials stocks at the fastest pace in a year, Goldman Sachs said in a note, just in time to catch highs seen European and ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

European Firms Worth $40 Billion Ready IPOs as Spring ApproachesAs European stocks notch up new records, companies worth a combined $40 billion are dusting off their listing plans in the hopes of tapping the markets as soon as the second quarter.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Bullish investors pile into EM, European stocks in March, BofA survey showsUpbeat investors rushed into emerging market equities in March at the fastest pace since April 2017, and into euro zone stocks at the quickest clip since...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

BofA Survey Shows Risk-On Rotation Out of US Tech Into European StocksInvestors are in a risk-on mood, and are snapping up stocks in Europe and emerging markets at the expense of the US and the technology sector, according to Bank of America Corp.’s latest fund manager survey.
Source: BNNBloomberg - 🏆 83. / 50 Read more »