India, March 17 -- European stocks closed higher on Monday with investors indulging in some selective buying ahead of central bank meetings and a crucial vote on a spending plan in Germany, while continuing to monitor the developments on Russia-Ukraine conflict.
A vote on Germany's spending plan is set to take place tomorrow. The proposal seeks to exempt defense spending from debt limits and create a 500 billion euro infrastructure plan fund.
It is expected that the CDU/CSU bloc, led by Friedrich Merz, will secure the necessary majority votes for the constitutional amendments that would pave the way for the reform measure.
Investors are also awaiting the Federal Reserve's monetary policy announcement this week. Bank of England and the Ba...