European stocks are now stable and trading higher1 min read
European stocks traded higher Tuesday morning as investors shifted their focus to upcoming central bank meetings by the U.S. Federal Reserve, Bank of Japan and Bank of England.
The pan-European Stoxx 600 added 0.5% by mid-morning following a muted open, with retail stocks adding 1.6% to lead gains while financial services edged 0.2% lower.
Meanwhile, stocks in Asia-Pcific were mostly higher after data showed retail sales in China rose 0.5% in August from a year ago — the first positive report for the year so far — according to the country’s National Bureau of Statistics. Still, retail sales for the first eight months of the year were down 8.6% from a year ago, the bureau said.