(Reuters) – European stocks rose for an eighth consecutive session as optimism about a rapid economic recovery in the region lifted industrial stocks, while tech stocks followed an overnight jump from their US peers .
The pan-European STOXX 600 was up 0.3% at 7.15am GMT in its longest winning streak in more than two years, with investors also betting on global central banks keeping the stimulus taps open.
This week, the focus will be on the US Federal Reserve’s two-day policy meeting starting Tuesday to get clues to the central bank’s stance on a recent surge in inflation.
European industrials stocks rose 0.5%, while tech stocks rose 0.7% after the tech-rich Nasdaq ended Monday at a record high.
In company news, Non-Standard Finance fell 9.5% as the UK subprime lender said it was looking to raise around £ 80million ($ 112.98million) potentially through the through a sale of shares.
Report by Sagarika Jaisinghani in Bengaluru; Editing by Shounak Dasgupta