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European stocks closed higher on Tuesday amid hopes major central banks will start reducing interest rates from early next year. However, gains were just modest in most of the markets in the region, as investors awaited some crucial European and U.
European stocks were mostly lower on Monday as investors digested hawkish comments from central bankers and looked ahead to the latest U.S. and U.K. inflation readings this week for further direction.
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European stocks rose slightly on Wednesday ahead of Eurozone industrial production data for October and the Federal Reserve's interest-rate decision due later in the session.
European stocks struggled for direction on Monday after briefly hitting their highest level since February 2022 on Friday amid growing bets that central banks have finished raising rates and will start cutting rates early next year.