[BENGALURU] European shares rose on Tuesday, snapping a four-day losing streak, boosted by healthcare stocks and on indications that UK Prime Minister Theresa May's deal to exit the European Union could gain some support.
Lawmakers will vote on a range of Brexit options on Wednesday, giving parliament a chance to indicate whether it can agree on a deal with closer ties to Brussels before trying to push the government in that direction."Anything that can be perceived as lowering the 'hard Brexit' risk would reduce the probability of one the major downside risks to the global economic outlook," said Kallum Pickering, senior economist at Berenberg.
Another note of caution on Tuesday came from a survey that showed German consumer morale deteriorated unexpectedly heading into April, suggesting household spending could weaken in the second quarter. ConvaTec rose nearly 6 per cent after Swedish business daily Dagens Industri said several players are running the numbers on the UK medical device maker for a possible buyout after the stock's recent slump.