The European stock index extends its winning streak for the fourth consecutive day

The pan-European Stoxx 600 index rose today, Tuesday, for the fourth consecutive session, extending its winning streak, led by Britain’s withdrawal from its fiscal plan, as investors waited for corporate earnings data to assess the economic outlook. .

The index closed in rise of 0.34%, after obtaining its best performance in nearly two weeks on Monday after new UK finance minister Jeremy Hunt canceled most of Prime Minister Liz Truss’s £ 45bn tax cuts that caused shockwaves across the UK market and forced the Bank of England to step in to buy bonds.

The construction and materials sector, as well as the auto industry sector, were up 1.9% and 1.7%, respectively, and were among the top earners, according to Reuters.

Shares of chip makers, including ASML and Nordic, rose between 0.8% and 5.9% as investors’ risk appetite rebounded.

Shares in French group Publicis were up 2.3% after the world’s third largest advertising group raised its full-year forecast for the second time quest’year.

Avanza shares jumped 12% after the Swedish financial group posted strong operating profits and revenues in the third quarter.

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