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Europe Markets: European stocks end at 2-week high as banks bounce after BOJ

Stocks across Europe bounded higher Wednesday, bolstered by rises in financial shares after the Bank of Japan tweaked monetary policy in a way that should help yield-dependent businesses.

The Stoxx Europe 600 SXXP, +0.43% gained 0.4% to 342.46, closing at its highest level in nearly two weeks.

Stocks rose after the BOJ unexpectedly said it would start targeting 10-year interest rates, committing to keep them around zero as part of a new policy framework aimed at bolstering inflation. The central bank will maintain quantitative easing until its inflation target of 2% is overshot, and it kept its main interest rates unchanged.

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