European stocks closed higher on Tuesday, supported by gains in corporate and bank shares, with investors focusing particularly on the Federal Reserve's interest rate decision and monetary policy outlook.The pan-European Stoxx 600 index closed 0.5 percent higher, with banks up 1.2 percent.Italian banking group Intesa Sanpaolo jumped 3.5 percent after it raised its earnings forecast and reported stronger-than-expected quarterly earnings.Austrian bank Raiffeisen International rose 3.7 percent after reporting better-than-expected second-quarter earnings.The construction and materials sector rose 1.3 percent, with Spain's ACS up more than 4 percent after reporting an 8 percent increase in first-half net profit.Investors' focus this week is on the Federal Reserve, which will conclude its interest rate-setting meeting on Wednesday.Source: Qatar News Agency
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