ZEW's gauge of investor confidence in Germany and the euro area fell sharply in June but investors seem to have put their pessimism behind them. European stocks gained for a third day on Tuesday while Spanish notes rose after a successful government debt sale.
Among economic reports on Tuesday, total US housing starts fell 4.8 percent in May but starts on single-family homes rose 3.2 percent. Also building permits rose 7.9 percent to the highest level since September 2008.
In the UK, a fall in the inflation rate to 2.8 percent in May from 3.0 percent in April increased the chance of more stimulus from the Bank of England.
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