Risk-On Sentiment Sent Wall Street to Record Highs, Crude Jumped Despite Inventory Gain

Political stabilization in the UK continued to sustain bullish sentiment. European shares rose for 4 days in a row on Tuesday with the Stoxx 600 index soaring to a 3-week high of 336.26, up almost +1.1%, at close. STOXX Europe 600 Banking index rose at similar pace as helped by the +13.5% jump in Italian bank UniCredit. The auto also gained almost +4% after Daimler's 2Q16 result beat expectations.

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Risk-On Sentiment Sent Wall Street to Record Highs, Crude Jumped Despite Inventory Gain