Banks, miners lead European markets higher as Fed calms inflation woes

European shares rose on Thursday, led by sectors expected to benefit from a broader economic recovery, as the US Federal Reserve signalled it would maintain a loose monetary policy, while Standard Chartered fell as its profit slumped.

Shares in the British bank slipped 5 per cent despite it restoring its dividend and reaffirming long-term profit goals in a display of confidence about its ability to recover from the Covid-19 pandemic.

The wider European banking index, however, jumped 1.4 per cent, benefiting in part from higher bond yields, which have risen on bets of a pickup in inflation with an improvement in the