European Shares Are Heading For a Seventh Straight Month of Gains

European shares rose on Tuesday, August 31, heading towards the seventh consecutive month of gains, as hopes of adopting more policies to support the economy outweighed the economic risks associated with the increase in cases of Covid-19 disease due to the spread of the delta strain around the world.

The Stoxx600 index of the broader European shares rose 0.1%. Asian stocks compensated for earlier losses in light of new signs of slowing China’s economy, which raised hopes for more stimulus measures.

The mining sector exposed to China was the biggest gainer, as its index rose 1.2%, followed by the technology and auto sectors.

Germany’s blue-chip DAX index fared better than the rest of the region, up 0.4%, while Britain’s FTSE100 index gained 0.1% after a long weekend in Britain.