European shares rise for fifth session in a row, on positive data

European shares rose on Tuesday, extending gains for the fifth session in a row, as market sentiment grow strong after positive data on confidence levels in the German and European economies this month.

As of 09:40 GMT, Stoxx Europe 600 rose by 0.2%, and ended yesterday's session up by 0.1%, in the fourth consecutive daily gain.

The Index rose on today's morning to continue its gains for the fifth session in a row, with most of the major bourses and sectors in green.

The ZEW survey showed the confidence levels in the German economy rose in April to the positive territory for the first time in 13 months, as well as confidence in the European economy rising for the first time in 11 months.

The retail sector is the top gainer in Europe Zalando, with Zalando's index rising more than 8%, after German e-commerce company said that it expects operating profit in the first quarter of this year.

S&P 500 futures rose more than 0.3%, hitting a six-month high ahead of the opening of Wall Street's official trading session, as the index ended yesterday's session down by less than 0.1%.

Euro Stoxx 50 rose 0.2%. as France's CAC 40 gained 0.1%, while Germany's DAX added 0.7% to top the gainers' list in Europe, in addition to London's FTSE 100 gaining 0.4%.