European shares rose in early trade on Tuesday, bouncing from two days of losses, as upbeat corporate news from the likes of Vodafone
However, political developments in debt-ridden Italy, where bond yields have reached euro are record highs, will be very much in focus as the government faces a crucial budget vote.
At 7:14 a.m., the FTSEurofirst 300 <.FTEU3> index of top European shares was up 0.9 percent at 982.98 points.
Vodafone rose 1.6 percent after edging its full-year outlook higher as growth in emerging markets and robust trading in northern Europe helped the world's largest mobile operator to post first-half results ahead of forecasts.
Companies have beaten expectations, but that is against lowered expectations, Jeremy Batstone-Carr, strategist at Charles Stanley, said, adding: One of the features of the autumn has been the extent to which the macro picture has trumped the corporate picture.
(Reporting by Brian Gorman)