Europe: Shares set longest winning streak since 2019 on recovery optimism

[BENGALURU] 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 US peers.

The pan-European Stoxx 600 was up 0.3 per cent by 7.15am 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 US Federal Reserve's two-day policy meeting starting Tuesday for cues on the central bank's stance on a recent jump in inflation.

European industrial stocks were up 0.5 per cent, while technology shares rose 0.7 per cent after the tech-heavy Nasdaq ended Monday at a record high.

In company news, Non-Standard Finance slumped 9.5 per cent as the British subprime lender said it was seeking to raise around £80 million (S$149.7 million) potentially through a share sale.

REUTERS