European Stocks Close Higher

European Stocks1

By Investors Hub

European stocks were broadly higher on Wednesday as investors digested a slew of earnings reports as well as encouraging business confidence data from Germany.

U.K. shares edged lower as a pullback in metals prices weighed on miners and better-than-expected GDP data increased the likelihood that the Bank of England will raise interest rates on Nov. 2.

Market participants looked ahead to Thursday’s ECB meeting to see whether ECB President Mario Draghi will signal an eventual end of bond purchases.

By Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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