European Shares Gain as Oil Slides and Rates Hold Steady
European shares rose as oil prices retreated and central banks kept rates steady. Industrial stocks led gains while banking shares faced pressure from weak results.
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The STOXX 600 rose 0.9% on April 30 midday as falling oil prices and steady interest rates from major central banks lifted investor sentiment. The gain follows four days of declines for the pan-European index. Investors are recalibrating portfolios as the ECB signals a potential rate hike in June to combat inflation.
