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European shares lifted by banks, commodity stocks ahead of Fed

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Reuters UK

By Susan Mathew (Reuters) -European shares rose on Wednesday, lifted by resource-linked stocks and banks, with investors watching for updates from central banks on monetary policy tightening amid rising concerns of an economic slowdown. The pan-European STOXX 600 index rose 0.6%. Banks, which benefit when interest rates rise, rose 1.1% to hit a fresh one-month high and were among the biggest boosts to the index. Focus will be on minutes of the U.S. Federal Reserve’s previous meeting, due later in the day, to asses the thinking among policymakers on the path for interest rate hikes. European Ce…

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