FedEx shares tumbled more than 9% after profit fell at the shipper last quarter because of rising labor costs. FedEx also cut its forecast for the full year.
Elsewhere, Governing Council member Madis Muller said the European Central Bank may boost its regular asset purchases once the pandemic-era emergency stimulus comes to an end.
The pan-European Stoxx 600 index provisionally closed up 1%, with leading the gains to rise 3.1% as most sectors and major bourses ended the session in positive territory.
Back in Europe, fresh data out Wednesday showed euro zone consumer confidence rising to 1.3 points in September versus August to -4.0, better than the -5.8 expected by economists, Reuters reported.
In Japan, the central bank left its main monetary policy settings unchanged. Markets in South Korea and Hong Kong were closed for a holiday.
Here are key events to watch this week:
Bank of England rate decision, Thursday
Fed Chair Jerome Powell, Fed Governor Michelle Bowman and Vice Chairman Richard Clarida discuss pandemic recovery, Friday
Currencies
The Bloomberg Dollar Spot Index rose 0.2%
The euro fell 0.3% to $1.1694
The British pound fell 0.3% to $1.3620
The Japanese yen fell 0.5% to 109.79 per dollar
Bonds
The yield on 10-year Treasuries declined two basis points to 1.30%
Germany’s 10-year yield was little changed at -0.32%
Britain’s 10-year yield was little changed at 0.80%
Commodities
West Texas Intermediate crude rose 2.1% to $71.97 a barrel
Gold futures fell 0.6% to $1,767.60 an ounce.
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By: via @AlliesFin Serve Stock Market
