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European shares touch two-week high; inflation data, Fed policy in focus
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European shares touch two-week high; inflation data, Fed policy in focus
Apr 29, 2024 12:43 AM

(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window)

April 29 (Reuters) - European shares climbed to a

two-week high on Monday, extending strong gains from last week,

with investors awaiting economic data and the Federal Reserve's

policy decision, while Deutsche Bank dropped on a provision for

Postbank litigation.

The pan-European STOXX 600 was up 0.3%, as of 0718

GMT GMT, after logging its first weekly gain in four on Friday.

Basic resources led sectoral gains, with shares of

Anglo American climbing 2.3% after Reuters reported BHP

Group ( BHP ) is considering making an improved offer for the

miner.

Atos jumped 12.6% as the French government made an

offer to buy out some of its key units.

Deutsche Bank dropped nearly 4% as the German

lender will make a legal provision over a litigation regarding

its takeover of Postbank that will hurt its second-quarter and

full-year profitability.

Investors await the euro zone's inflation data and the Fed's

much-anticipated May interest rate decision over the week's

course for clues on the global policy outlook.

Also on investors' radar, Spain's Prime Minister Pedro

Sanchez will finalise a decision at noon whether he plans to

stay on or quit the premiership.

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