European shares rise as banks lead gains

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The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, Sept. 18, 2019. Photo credit: NAN

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, Sept. 18, 2019. Photo credit: NAN

European shares edged higher on Thursday, helped by a rise in banks after the U.S. Federal Reserve cut interest rates but set a higher bar for further reductions.

European banks rose 1.1 percent, the most among the major sectors.

The pan-European index rose 0.2 percent with lender-heavy Milan and Madrid outperforming.

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