European shares flat with all eyes on central bank moves

Published by
Reuters UK

By Shreyashi Sanyal and Susan Mathew (Reuters) -European shares ditched almost all session losses in a volatile session on Monday, as investors brace for a week that could see a large interest rate hike by the Federal Reserve and a host of other central bank meetings. The pan-European STOXX 600 index, which traded lower for most of the session when it lost up to 1% and hit two-month lows, gained about 0.2% in the last hour before ending down 0.09%. European shares took heart from a brief move higher on Wall Street, said Steve Sosnick, chief strategist at Interactive Brokers. [.N] “Markets are …

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