Sana'a: European stocks recovered today, Wednesday, after a decline that lasted two sessions, supported by the halt in the rise of oil prices, which boosted investors' appetite for risk-taking, ahead of the US Federal Reserve's decision on monetary policy.
According to Yemen News Agency, the European STOXX 600 index rose by 0.4 percent to 636.81 points, while most major exchanges in the region recorded gains, and the German DAX index rose by 0.4 percent.
Attention is turning to the Federal Reserve's decision expected later today, while market expectations, according to the "FedWatch" tool of "CME" Group, indicate a 93 percent probability of a 25 basis point interest rate hike.
Oil prices fell today, Wednesday, by 0.6 percent, supporting the shares of companies most affected by the rise in crude prices, and the banks sub-index was among the biggest gainers, as Barclays shares rose by 1.4 percent and Standard Chartered by 1.7 percent.
Bank shares had pressured the STOXX 600 index yesterday, pushing it to its lowest level in three months.
Babcock International kept its annual performance expectations, and the British group specializing in defense and engineering saw its shares rise by 2.5 percent.
Despite British construction company Barratt Redrow cutting its targets for home completion operations for the 2027 financial year, its shares rose by 5.1 percent.