European shares at new highs despite Delta concerns in Asia          

The stock exchange in Frankfurt.

European stocks scaled new highs and clocked their fourth consecutive week of gains on optimism over a strong earnings season and steady recovery from the pandemic-led economic downturn.

The pan-European Stoxx-600 index inched up 0.2% to a record high of 476.16, for the 10th straight session. The index has now matched its best winning streak since December 2006. The index has logged nine-day gaining streaks seven times in the past 15 years.