Mining Companies Lift European Shares

European shares rose somewhat on Tuesday from one-week lows as investors focused on important central bank meetings this week.

The pan-European Stoxx 600 index rose 0.5%. The early gains were led by mining, chemical, and food and beverage stocks.

The US Federal Reserve is expected to indicate a rapid pullback of asset purchases at the conclusion of its two-day meeting until Wednesday. The European Central, the British Central, and the Japanese Central Bank are scheduled to hold meetings as well this week to determine the course of monetary policies in 2022.

European and US stocks were hit on Monday after at least one person died after contracting the new mutant omicron from the Coronavirus, with Britain recording the first death linked to that mutant in the world.

But the shares of mining companies rose 1.4 percent, supported by the rise in aluminum prices, which supported the market in general.