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LoginEuropean Stocks Recover as Oil Prices Decline
Singapore, September 16 (QNA) - European stocks rebounded on Wednesday after falling for a second consecutive session, supported by a drop in oil prices that boosted risk appetite ahead of the US Federal Reserve's monetary policy decision.
The pan-European STOXX 600 index rose 0.4% to 636.81 points, with most major regional stock markets also gaining ground.
Germany's DAX index climbed 0.4%.
Oil prices fell 0.6%, providing a boost to stocks that typically suffer from high crude prices. The banking sector was among the top gainers, with Barclays rising 1.4% and Standard Chartered climbing 1.7%.
These stocks had pressured the STOXX 600 in the previous session, dragging it to a three-month low.
In corporate developments, Babcock International maintained its annual performance outlook, sending shares of the British defense and engineering group up 2.5%.
Shares in British housebuilder Barratt Redrow climbed 5.1%, despite trimming its home completion targets for fiscal year 2027, citing planning delays and fewer active sales outlets. (QNA)
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