Europe Sares set Longest Winning Streak Since 2019


European shares rose for an eighth straight session as optimism around a speedy economic recovery across the region lifted industrial stocks, while technology shares tracked an overnight jump in their U.S. peers.

The panEuropean STOXX 600 was up 0.3 by 0715 GMT in its longest winning streak in more than two years as investors also bet on global central banks keeping the stimulus taps open.

Focus this week will be on the U.S. Federal Reserves twoday policy meeting starting Tuesday for cues on the central banks stance on a recent jump in inflation.

European industrial stocks were up 0.5, while technology shares rose 0.7 after the techheavy Nasdaq ended Monday at a record high.

In company news, NonStandard Finance slumped 9.5 as the British subprime lender said it was seeking to raise around 80 million pounds 112.98 million potentially through a share sale.

Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Shounak Dasgupta

Source Reuters


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