Doha: European stock indexes opened higher on Wednesday, despite pressure on artificial intelligence-related technology stocks, amid higher oil prices and as investors awaited the US Federal Reserve's monetary policy decision, while markets drew support from luxury goods and banking stocks. Among the major European markets, the pan-European STOXX 600 index rose 0.35 percent to 648.54 points. France's CAC 40 index on the Paris Stock Exchange gained 0.43 percent, while Germany's DAX index on the Frankfurt Stock Exchange advanced 0.31 percent.
According to Qatar News Agency, Milan's stock market index rose 0.76 percent, while Britain's FTSE 100 index in London gained 0.55 percent. The rise in European markets is seen as a positive signal amid global economic uncertainties, with investors closely monitoring the Federal Reserve's upcoming policy decisions. The combination of stable luxury goods performance and robust banking stocks contributed to the overall market uplift.