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European shares rise for third straight session
Published at 20/08/2019 at 08:23

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

Aug 20 (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 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 was up 0.1% by 0712 GMT, with London's FTSE 100 outperforming.

Pandora A/S 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 and auto parts makers

capped gains.

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

((Shreyashi.Sanyal@thomsonreuters.com; +1 646 223 8780))