European Stocks Close Higher After 5 Sessions Amid…

The European stock market rose today, supported by the rise of technology and healthcare shares, but weakness in the retail and energy sectors limited gains ahead of the monetary policy announcement from the US Federal Reserve.

The European Stoxx 600 index ended the trading session up 0.3 percent, ending five consecutive sessions of losses.

Technology shares led the gains, with its index rising 1.3 percent, recovering from a recent wave of sales, while the health care index rose 1.1 percent.

Energy stocks fell 1.27 percent, limiting market gains. Crude oil prices fell for a third session, with increased risks to demand from the spread of the new Corona virus, Omicron.

Investors were cautious ahead of the Federal Reserve’s monetary policy decision, due at 1900 GMT, and expectations are that the US central bank will signal to slow its bond purchases.

On the London Stock Exchange, the FTSE 100 index of major British companies fell 0.7 percent, down for the sixth consecutive session, which is the worst series of losses since the beginning of the pandemic in March 2020, as it was affected by a decline in the shares of the retail, oil and travel sectors.

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European Stocks Close Higher After 5 Sessions Amid... - /10

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The European stock market rose today, supported by the rise of technology and healthcare shares, but weakness in the retail and energy sectors limited gains ahead of the monetary policy announcement from the US Federal Reserve.

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