Modupe Gbadeyanka
By Investors Hub
European stocks have moved mostly higher on Wednesday as geopolitical tensions have eased and the dollar stands tall against the euro ahead of the Fed and ECB meetings.
While the U.K.?s FTSE 100 Index has climbed by 0.5 percent, the German DAX Index and the French CAC 40 Index are both up by 0.3 percent.
In economic news, regional data proved to be a mixed bag. While euro area industrial production fell more sharply than expected in April, U.K. consumer price inflation unexpectedly held at an annual rate of 2.4 percent in May, its lowest level since March 2017.
Glencore has rallied a day after its unit Katanga Mining said it had agreed to a recapitalization plan for 75-percent-owned Kamoto Copper Co. with Gécamines.
On the other hand, shares of Sky Plc have moved to the downside in London after a judge ruled that AT&T and Time Warner can merge.
Just Eat has also slumped on worries about heightened competition after Deliveroo said it would allow partner restaurants to use their own riders.
Banking stocks are broadly lower on rising bets the European Central Bank may announce it will wind down its stimulus program by year-end.
