European Stocks Slip as Relief Rally Falters; EDF Up 15% on Government Takeover

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European Stocks Set to Slip as Relief Rally Falters

A final euro area inflation print for June is expected at 10 a.m. London time, along with May's construction output figures.

Earnings season is also gathering steam. Novartis, Ubisoft, Remy Cointreau, Vinci, Telenor, Assa Abloy, Swedbank and Finnair were among those reporting before the bell on Tuesday.jumped more than 15% after confirmation that the French government will pay 9.7 billion euros to take full control of the company.fell more than 7% after its second-quarter earnings report.

Political instability has also returned to prominence, with the U.K. Conservative Party leadership contest entering its fourth round of ballots among MPs as the remaining candidates seek to succeed Prime Minister Boris Johnson.last week had his resignation rejected by President Sergio Mattarella, having offered to step down when one of the parties in his coalition government boycotted a confidence vote in a new wide-ranging policy package.

 

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