Markets

European stocks rise for third session as Burberry jumps by 13%

2019-07-16 12:24:57 GMT (Economies.com)

European shares rose on Tuesday, extending gains for a third session in a row, as the high sentiment continued as US stocks continued to record new levels on Wall Street, while Burberry index jumped more than 13% after the British luxury brand reported a rise in first-quarter sales.

 

The Stoxx Europe 600 index rose by 0.2% as of 10:55 GMT, as the index ended yesterday's session up by 0.4%, the second daily gain in a row, with the rise of most sectors linked to the global trade.

 

The Index rose on Tuesday morning to continue its gains for the third session in a row, with most of Europe's major stock exchanges and sectors in the positive region.

 

S&P 500 futures rose by 0.1%. while the index ended yesterday's session up by less than 0.1%, its fifth consecutive daily gain, hitting a new record high of 3,017.80 points.

 

Burberry shares rose more than 13% to top the list of gainers in Europe, after the British luxury brand posted a rise in first-quarter sales driven by new designs from the head of innovation, "Ricardo Tesky.

 

Euro Stoxx 50 index rose by 0.2%, while in France, the CAC 40 index rose by more than 0.2%. with Germany's DAX rising by 0.1%, and in London, the FTSE 100 added more than 0.4% to top the list of winning markets in Europe.

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