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Europe: Shares rise to end three-day losing streak

Tuesday, September 13, 2016 - 15:25
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[LONDON] European shares rose on Tuesday to end a three-day losing streak, as dovish comments from US Federal Reserve official Lael Brainard buoyed equity markets.

Ms Brainard said on Monday that the Fed should avoid removing support for the US economy too quickly, which solidified the view that the US central bank would leave interest rates unchanged next week.

The pan-European Stoxx 600 index, which had fallen in the last three sessions, recovered to rise by 0.5 per cent.

Shares in Swiss global private markets investment management company Partners Group surged 10 per cent to a record high after posting higher interim profits, although UK online grocer Ocado fell 9 per cent after warning of margin pressure.

REUTERS