European stocks on track for seventh straight month of gains

European stocks on track for seventh straight month of gains
Short Url
Updated 31 August 2021
Follow

European stocks on track for seventh straight month of gains

European stocks on track for seventh straight month of gains
  • European stocks rose on Tuesday, on course for their seventh straight month of gains
  • Britain's FTSE 100 dips slightly by 0.1 percent, on course for its best month since April

European stocks rose on Tuesday, on course for their seventh straight month of gains, as hopes for more policy support overshadowed economic risks from a surge in COVID-19 cases caused by the Delta variant globally.
The pan-European STOXX 600 index rose 0.1 percent in early trading with Asian stocks reversing earlier losses as fresh signs of a slowdown in China's economy spurred hopes of more stimulus.

Germany's blue-chip DAX outperformed its regional peers with a 0.4 percent rise, and despite the FTSE 100 dipping slightly by 0.1 percent after a long weekend in Britain the blue-chip index is on course for its best month since April.  .

U.S. stock futures rose slightly in overnight trading as the S&P looks to wrap up its seventh straight month of gains at a record high.


Euro zone inflation surged to a 10-year-high in August with further rises still likely to come, challenging the European Central Bank's benign view on price growth and its commitment to look past what it deems a transient increase.
Consumer prices in the 19 countries sharing the euro rose by 3 percent this month, after increasing by 2.2 percent in July, far above expectations for 2.7 percent and moving well clear of the ECB's 2 percent target.