Doha: European shares opened higher on Tuesday, buoyed by optimism that the United States may be nearing an end to its longest-ever government shutdown and as investors assessed a fresh batch of corporate earnings from the telecoms sector. The pan-European STOXX 600 index climbed 0.5% to reach 576.05 points by 08:10 GMT - its highest level in two weeks - extending the strong gains seen at the start of the week. On Monday, European equities recorded their biggest one-day rise in six months, mirroring a broader rebound in global markets. According to Qatar News Agency, shares in Vodafone jumped around 5% after the company reported better-than-expected results, lifting the broader telecommunications sector. However, Inwit shares tumbled 8.4%, weighing on the Italian market. The upbeat tone reflects growing confidence among investors that Washington could soon resolve the budget deadlock that has led to the prolonged US government shutdown, easing concerns over potential economic fallout. Markets are also turni ng their attention to the next round of corporate results and key inflation data due later this week, which could shape expectations for future central bank policy in Europe and the United States.
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