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.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/risk-on-sentiment-sent-wall-street-to-record-highs-crude-jumped-despite-inventory-gain-2016071333273/