Retail gains nudge European stocks higher

Reuters

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    Sept 16 (Reuters) - A fourth day of gains in retail stocks
nudged European equities higher on Wednesday after Zara-owner
Inditex returned to quarterly profit, but UK blue-chip stocks
came under pressure after a surge in the previous session.
    The pan-European STOXX 600 index  .STOXX  inched 0.3% higher
by 0717 GMT, extending a winning run this week.
    Markets globally appeared to be in a holding pattern ahead
of the U.S. Federal Reserve's policy announcement, with
investors expecting somewhat rosier economic forecasts but a
renewed pledge to keep interest rates low for as long as the
U.S. economy needs to recover from a pandemic-driven downturn.
 urn:newsml:reuters.com:*:nL1N2GC11N
    London's blue-chip shares  .FTSE  slipped 0.1%, dragged
lower by banking shares. 
    Inditex  ITX.MC  said it saw a 74% jump in online sales in
the first half, pushing its shares 4.2% higher. The retail
sector  .SXRP  was up 1.4%.  urn:newsml:reuters.com:*:nL8N2GD12J

 (Reporting by Sruthi Shankar in Bengaluru; editing by
Uttaresh.V)
 ((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223
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