Financials, energy boost European shares; central bank verdicts eyed

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March 19 - European stocks ended higher on Tuesday buoyed by strength in financial and energy sectors, while investors turned their focus to upcoming interest rate decisions from global central banks, including the U.S. Federal Reserve.The energy sector , opens new tab was among the top gainers with an 1.4% advance, as oil prices hit four-month highs.

Among other top central banks, the Bank of Japan ended eight years of negative interest rates on Tuesday, while the Bank of England is due to deliver its interest rate verdict later in the week. Unilever , opens new tab rose 3.1% after the company said it plans to spin off its ice cream unit into a standalone business, as the consumer goods group announced a new cost-savings programme that would cut 7,500 jobs.

 

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