Investing.com — European markets closed higher on Tuesday, although investor attention this week is focused on the unfolding political challenges in France.
The index rose 0.8%, 40 rose 0.3% and Britain rose 0.7%.
On the agenda for Tuesday are figures including UK retail sales and Spanish unemployment data.
Focus on France: political crisis looms
French markets will be closely watched after Prime Minister Michel Barnier invoked special constitutional measures to pass a controversial budget bill without a parliamentary vote.
Opposition parties, made up of both left and right factions, have expressed their intention to support a vote of no confidence against Barnier’s minority government. The vote is expected to take place on Wednesday.
Oil prices are heading higher ahead of the OPEC+ meeting
Oil prices rose on Tuesday as markets awaited developments from the upcoming OPEC+ meeting on Thursday. According to a Reuters report, sources have informed them that OPEC+ is likely to extend its latest round of oil production cuts.
At 11:35 ET, futures rose 2.6% to $73.67 per barrel, while they rose 2.8% to $70.
(Navamya Acharya contributed to this article.)
