European shares were set to rise for a third straight session on Tuesday, tracki...
took heart from another nudge lower in the pound ahead of the results of a Conservative leadership race which should see Boris Johnson anointed as the next prime minister.“At the moment there is an assumption that the central banks have got everybody’s back and that is probably the major reason why the markets are quite bouncy at the moment or seem optimistic,” said Russ Mould, investment director at AJ Bell in London.
In Spain, results of the first confirmation vote that could see the country’s acting Prime Minister Pedro Sanchez form a government with far-left party Podemos were awaited. The vote, which comes almost three months after an inconclusive national election, is scheduled for 1600 GMT. Madrid’s main index had lost 2.3% over the last four sessions with political uncertainty being a major weight on sentiment. Santander’s 2.4% rise after results helped the index out of its blues.
Reporting by Susan Mathew and Medha Singh in Bengaluru and Josephine Mason in London; editing by Patrick Graham and Shounak Dasgupta
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