European Stocks Post Their Longest Winning Streak Since 2019

European shares rose for the eighth consecutive session on Tuesday, June 15, as optimism about a rapid economic recovery in the region led to the rise of industrial stocks, while technology stocks followed the jump of their US counterparts overnight.

The Stoxx600 index of European shares rose 0.3%, the longest winning streak in more than two years, with investors also betting on central banks keeping the stimulus taps open.

Attention is focused this week on the US Federal Council’s policy meeting, which begins today and continues for two days, to learn about the Fed’s position regarding a recent jump in inflation.

Industrial shares in Europe rose 0.5%, while technology shares rose 0.7%, after the Nasdaq index, which is packed with technology companies, closed at a record level yesterday.