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European shares rise near four-week high, helped by banks

Traders said markets will likely remain quiet before the much awaited Fed meeting

Reuters  |  Milan 

European shares rose slightly to near 4-week highs on Monday following gains in Asian markets overnight and helped by strength among financial stocks. The pan-European STOXX 600 index inched up 0.1 percent by 0837 GMT with banks leading sectoral gainers on relief after last week's deal on new global banking rules and ahead of the U.S. Federal Reserve meeting on Wednesday. The STOXX 600 has recovered part of the losses suffered in November but remains more than 2 percent below the two-year highs hit at the start of last month. Traders said markets will likely remain quiet ...

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First Published: Mon, December 11 2017. 16:50 IST