European stocks closed higher Wednesday as investors awaited minutes from a meeting of the U.S. Federal Reserve, while President Donald Trump suggested he was weighing measures to boost the world’s largest economy.
The pan-European Stoxx 600 closed up 1.21% to 375.80, autos leading gains with a 1.7% jump as all sectors and major bourses traded firmly in positive territory.
Investors seemed to welcome the prospect of political change, as Italy’s FTSE MIB index shrugged off the uncertainty to jump 1.8%.
The minutes of the July meeting by the Federal Open Market Committee (FOMC) are in focus as investors seek hints from the U.S. central bank over the prospect of impending monetary policy easing. The minutes are due out at 2:00 p.m. ET.