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BREAKING NEWS

European shares rise for third straight session

European shares rise for third straight session
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 19, 2019. REUTERS/Staff -
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(Reuters) – European shares rose for the third straight session on Tuesday, building on a recovery since late last week as British drugmaker AstraZeneca surged on results of a late-stage study.

Shares of the drugmaker <AZN.L> rose 1.5% after the company said its diabetes drug Farxiga met the main goal of the study for the treatment of patients with heart failure.

The pan-European STOXX 600 index <.STOXX> was up 0.1% by 0712 GMT, with London’s FTSE 100 <.FTSE> outperforming.

Pandora A/S <PNDORA.CO> jumped 6.4% to the top of the STOXX 600 index on Tuesday after the Danish jewellery maker maintained its full-year guidance.

However, a fall in bank shares <.SX7P> and auto parts makers <.SXAP> capped gains.

(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Arun Koyyur)

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