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STOXX up 0.4 at a threemonth high

Jan 21 Reuters European shares rose on Tuesday, buoyed by gains in the healthcare and luxury sectors, but the uptick was tempered by lingering uncertainties over U.S. President Donald Trump39;s proposed tariff measures following his inauguration.

The panEuropean STOXX 600 closed up 0.4 at 525.98 points its highest level in three months. This marks its fifth consecutive day of gains, the longest winning streak it has seen in over a month.

Heavyweight healthcare was the biggest boost, with a 1.5 rise, with drugmaker Novo Nordisk advancing 4.

Luxury stocks gained 1.5, boosted by a 5.3 jump in Burberry.

The luxury sector is back in vogue after spending a few months in the penalty box, Bernstein said.

Personal and household goods was also among the top winning sectors, adding 1.2.

Around the globe, markets buzzed with anticipation at the dawn of Trump39;s presidency. While he refrained from immediately imposing tariffs upon taking office, but said he was thinking about imposing 25 duties on imports from Canada and Mexico on Feb. 1.

Trump also revealed his plans to reverse the U.S. trade deficit with the European Union, either with tariffs or more energy exports.

President Trump spared China and the EU. No increase in levies on China or new ones on Europe lowers tensions, however, the…