European stocks rose a fourth straight session , this is the longest winning streak in the last two months. Note that this dynamics , primarily related to optimism that the leaders of the Senate of the United States will be able to resume the work of the U.S. government and avoid violating the debt limit .

The pan-European stock index Stoxx Europe 600 index rose 0.83 % to 314.82 - this is the maximum for nearly a month. Inhibit the growth of the European market data on quarterly profits. Analysts lowered the forecast earnings of companies included in the STOXX 600 , up 3% compared with the beginning of the third quarter.

It should also be noted that the impact on the bidding had data for Germany , which showed that investor confidence has increased significantly - up to the level of 52.8 from 49.6 in September. We add that the latest reading was the highest since April 2010 . Economists had expected a decline of this indicator to the level of 49.2 .

As shown by the latest report , which was submitted to the Office for National Statistics , at the end of last month , consumer price inflation in the UK has remained unchanged - at 2.7 percent. Note that inflation continues to remain above the target level of the central bank - at around 2 percent. Economists forecast that the annual inflation rate to fall to 2.6 per cent . A monthly basis, consumer prices rose in September by 0.4 percent, while showing the same growth rate , which was recorded in August. In addition, it was reported that CPIH - a new measure of inflation , which includes the cost of home owners rose by 2.5 percent compared to the previous year , remained unchanged from August .

The Office for National Statistics also reported that core inflation, which excludes prices of energy , food , alcoholic drinks and tobacco rose in September to 2.2 percent from 2 percent in August. Inflation is projected to remain at the level was 2 percent. Meanwhile, another report from the ONS showed that the Producer Price Inflation slowed again in September , registering with the second monthly decline .

FTSE 100 6,549.11 +41.46 +0.64%, CAC 40 4,256.02 +33.06 +0.78%, DAX 8,804.44 +80.63 +0.92%

Rio Tinto rose 4.3 percent. The second -largest mining company, said that in the three months to September 30 was produced 53.4 million tons of iron ore , up from 52.6 million tons a year earlier . Experts expect growth to 53.3 million tons.

Ashtead increased by 3 percent after analysts at JPMorgan upgraded the stock to a level of "buy" from "neutral" , saying that the profits could increase by 41 percent in the 2016 fiscal year on a recovery in the markets.

Man Group Plc rose 4.2 percent as UBS AG added shares of the world's largest public hedge fund to list on the purchase, citing the recent successes block GLG Partner

Upgrades:

Microsoft (MSFT) upgraded from Hold to Buy at Jefferies

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European stocks rose for a fourth day, the longest winning streak in two months, amid optimism Senate leaders will forge a deal to reopen the U.S. government and avoid a breach of the debt limit. U.S. index futures were little changed, while Asian shares advanced.

The Stoxx Europe 600 Index rose 0.8 percent to 314.81 at 10:23 a.m. in London, its highest level in three weeks. The gauge has advanced 1.4 percent in October even as U.S. lawmakers struggled to agree on a budget, forcing the first partial government shutdown in 17 years. Standard & Poor’s 500 Index futures added 0.2 percent, while the MSCI Asia Pacific Index climbed 0.4 percent today.

U.S. Senate Majority Leader Harry Reid, a Democrat, said “tremendous progress” had been made during negotiations, though “we are not there yet.” Leaders are working on an deal to suspend the debt ceiling through Feb. 7 and fund the government through Jan. 15, a person familiar with the talks said, speaking on the condition of anonymity.

The possible deal could still face procedural delays in the Senate and an uncertain path in the Republican-controlled House of Representatives, where Speaker John Boehner would have to decide whether to allow a vote or make changes. Should Congress fail to act, the U.S. government would run out of borrowing authority in two days and start missing debt payments sometime between Oct. 22 and Oct. 31, according to the Congressional Budget Office.

The U.S. will not default, former Treasury Secretary Lawrence Summers said in Seoul today. Senate Minority Leader, Republican Mitch McConnell, said he shares Reid’s optimism after talks in Washington.

German investor confidence increased for a third month in October. The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, rose to 52.8 from 49.6 in September. That’s the highest since April 2010. Economists predicted no change, according to the median of estimates.

Rio Tinto rose 3.2 percent to 3,183 pence. The world’s second-largest mining company said it produced 53.4 million metric tons of iron ore in the three months to Sept. 30, compared with 52.6 million tons a year earlier. That compares with the 53.3 million-ton median estimate of analysts

Ashtead (AHT) gained 2.8 percent to 646.5 pence. JPMorgan raised its rating on the shares to overweight, similar to buy, from neutral, saying earnings may increase as much as 41 percent in fiscal year 2016 as its markets recover.

Man Group Plc (EMG) rallied 4.8 percent to 82.45 pence. UBS AG added the world’s largest publicly traded hedge-fund manager to its most-preferred list, citing the recent good performance of its GLG Partners unit.

FTSE 100 6,557.46 +49.81 +0.77%

CAC 40 4,244.83 +21.87 +0.52%

DAX 8,785.48 +61.67 +0.71%

Asian stocks rose, with the regional index heading for a five-month high, as Senate leaders said they’re optimistic they will forge a deal to reopen the U.S. government and avoid a breach of the debt limit this week.

Nikkei 225 14,441.54 +36.80 +0.26%

Hang Seng 23,336.52 +118.20 +0.51%

S&P/ASX 200 5,259.15 +51.28 +0.98%

Shanghai Composite 2,233.41 -4.36 -0.19%

James Hardie Industries SE, a maker of building materials that gets about 70 percent of sales from the U.S., increased 2.1 percent in Sydney.

SJM Holdings Ltd., Asia’s biggest casino operator, jumped to a record high after Macquarie Group Ltd. raised its growth outlook for Macau’s gaming market.

Hankook Tire Co., South Korea’s No. 1 tiremaker, advanced 1.9 percent after announcing plans to build its first factory in the U.S.

Nikkei 225 14,404.74 210,03 1,48%

Hang Seng 23,218.32 267,02 1,16%

S & P / ASX 200 5,207.9 -22,97 -0,44%

Shanghai Composite 2,237.77 9,63 0,43%

FTSE 100 6,507.65 +20.46 +0.32%

CAC 40 4,222.96 +2.98 +0.07%

DAX 8,723.81 -1.02 -0.01%

Dow 15,301.26 +64.15 +0.42%

Nasdaq 3,815.28 +23.41 +0.62%

S&P 500 1,710.15 +6.95 +0.41%