European Socks on Track For Longest Winning Streak Since June

European shares hit record highs and are on track to post their longest winning streak in two months, with a rally in banks and mining companies boosting investor sentiment already high thanks to a strong earnings season.

The pan-European STOXX 600 index rose 0.2%, hitting an all-time high for the eighth consecutive session.

Mining companies posted the biggest gain, up 0.7%, while stable government bond yields supported bank shares.

Dutch bank ABN AMRO gained 3.2% after it said it would resume paying dividends thanks to an economic recovery that helped boost net profit more than expected.

And British cybersecurity company Avast rose 3.2% after its American rival Norton Life Look agreed to buy the company for up to $8.6 billion.

Vestas, the world’s largest maker of wind turbines, fell 4.7% after cutting its forecast for this year after second-quarter operating profit fell short of expectations due to supply chain disruptions and higher costs.