European stocks extend gains for sixth straight day

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(For a Businesshala live blog on the US, UK and European stock markets, click/ or type live/ in a news window)

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Nov 17 (Businesshala) – European shares rose for a sixth consecutive session near record highs on Wednesday, as some positive earnings reports helped ease concerns that rising natural gas prices were feeding on inflationary pressures.

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The pan-European STOXX 600 rose 0.1% by 0.823 GMT after better-than-expected US retail data lifted Wall Street equities on Tuesday.

German medical tech firm Siemens Healthiniers gained 4.4% earlier this year after raising synergy targets from its Varian acquisition.

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Its results were followed by gains in chipmakers and British software firm Sage Group, led by tech stocks.

Swiss luxury firm Richmont extended its rally for the fifth day, rising by 1.7% after the brokerage raised a price target to an all-time high.

The Dutch front-month contract for bulk gas rose nearly 5%, up 15% in the previous session after Germany temporarily halted the certification process for Nord Stream 2, a major new pipeline that will transport Russian gas to Europe. which adds to the growing concerns. Cost across the continent.

Travel and leisure shares, pulled down by Swedish online gaming company Evolution, fell 1%. (Reporting by Anisha Sarkar in Bengaluru)

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