European shares peak as inflation, fed Policy loom

European shares reached a two-week peak on Monday, building on last week’s robust gains, as investors anticipate economic data and the Federal Reserve’s policy decision, as reported by Reuters.

Meanwhile, Deutsche Bank’s shares fell nearly 4 per cent due to a provision for Postbank litigation. The pan-European STOXX 600 rose by 0.3 per cent as of 0718 GMT, marking its first weekly increase in a month.

Leading the sectoral gains were basic resources, with Anglo American’s shares surging 2.3 per cent following reports that BHP Group was considering a better offer for the mining company.

Atos saw a 12.6 per cent jump as the French government proposed to purchase some of its key units. Investors are keenly awaiting the Eurozone’s inflation data and the Fed’s May interest rate decision for insights into the global policy trajectory.