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July 22 (Reuters) – European stocks extended their gains for a third straight session on Thursday, as signs of a strong earnings season and expectations that the European Central Bank will stick to an accommodative policy strengthened the market sentiment.
The pan-European STOXX 600 rose 0.5% at 07:14 GMT. The index closed 1.7% higher on Wednesday, fully recovering from a sell off earlier this week.
Swedish private equity firm EQT jumped 9.5% to the top of the STOXX 600 after reporting positive results in the first half of the year.
Swiss engineering firm ABB climbed 2.3% to its highest level since November 2007 after doubling its sales outlook for the full year.
Consumer goods giant Unilever Plc fell 4.0% after slashing its full-year operating margin forecast due to soaring raw material costs.
Eurozone stocks rose 0.7% ahead of the ECB’s policy move, expected later today, as it is almost certain to promise an even longer stimulus period to keep its pledge to boost inflation. (Reporting by Sruthi Shankar in Bangalore; Editing by Shailesh Kuber)