European shares muted as financials offset gains in miners; Fed minutes on tap By Reuters

© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 17, 2023. REUTERS/Staff/File Photo

(Reuters) – European shares were subdued on Tuesday as declines in financial stocks offset miners, while investors continued to look for clues to support expectations that major central banks are done with interest rate hikes.

The pan-European edged up 0.1% by 0810 GMT. Banks lost 0.6%, while miners gained 0.8% tracking strong metal prices.

Investors will keep an eye out for minutes from the U.S. Federal Reserve’s latest policy meeting, where it held interest rates steady, due later in the day.

Among individual stocks, Swiss hearing aid maker Sonova topped the STOXX 600 with a 6.4% advance following results.

Rheinmetall gained 5.2% after the German defence contractor released its 2026 strategy.

Meanwhile, Monte dei Paschi di Siena lost 3.8% after Italy sold a 25% stake in bailed-out bank.

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