Doha: European stock indices closed higher Thursday, driven by growing hopes for a US interest rate cut next month. The pan-European Stoxx 600 index rose 0.12 percent to 574.89 points, its highest level in two weeks. The French CAC 40 index also climbed 0.04 percent to 8,099.47 points. The British FTSE 100 index gained 0.02 percent to 9,693.93 points. The German DAX index rose 0.22 percent to 23,777.79 points.

According to Qatar News Agency, the rally in European markets was largely influenced by expectations of monetary policy shifts in the US. Investors are increasingly optimistic about potential rate cuts by the Federal Reserve, which could stimulate economic activity and boost investor confidence across global markets. The positive performance of major European indices reflects this sentiment, with gains observed across key markets in France, the UK, and Germany.

In addition to the influence of US monetary policy expectations, European markets were also buoyed by stable economic indicators within the region. The modest gains in the Stoxx 600, CAC 40, FTSE 100, and DAX indices suggest a cautious optimism among investors as they navigate a complex economic landscape. Market analysts are closely monitoring developments in US fiscal policy, as any decisions regarding interest rates could have significant implications for global financial markets in the coming weeks.