By Chris Prentice and Elizabeth Howcroft WASHINGTON/LONDON (Reuters) -Wall Street continued its advance on Tuesday as weak data stoked hopes the Federal Reserve will slow its aggressive pace of interest rate hikes and European shares notched a second day of gains as better-than-expected earnings offset economic worries. Sterling rallied as Rishi Sunak became Britain’s prime minister, boosting investor sentiment. The U.S. dollar index fell to a three-week low, bolstering commodity prices. U.S. Treasuries jumped after dismal data on home prices. The Dow Jones Industrial Average rose 0.89%, the S…