European shares rose slightly as investors are watched closely to pivotal British election to decide the fate of Brexit, while attention also focused on central bank meetings in the United States and the eurozone this week. Britain’s domestically-focused mid-cap stocks index fell 0.1 per cent as a carefully monitored indicator now predicted only a modest majority for Prime Minister Boris Johnson. If Johnson fails to win an outright majority, the outcome would prolong Brexit uncertainty and further hit investor sentiment.
The pan-European STOXX 600 index was up 0.1 per cent at 0805 GMT. Telecom stocks led declines among European subsectors, pressured by a 2 per cent fall for Telefonica Deutschland after the German mobile operator cut its dividend.