TEHRAN, Young Journalists Club (YJC) - European shares hovered around 3-month highs in early deals on Tuesday as a sell-off in Spanish stocks eased and financials gained following another record-breaking session at Wall Street.
The pan-European STOXX 600 index was up 0.1 percent by 0714 GMT, while Madrid's blue chip IBEX .IBEX also gained 0.1 percent, recovering from a 1.2 percent fall on Monday as Madrid seeks ways to respond to Catalonia secessionist crisis.
But Spanish utility Iberdrola (IBE.MC) fell 1.1 percent after JP Morgan downgraded the stock to neutral saying political uncertainty added to a list of headwinds.
Financials and materials stocks provided the biggest boost to the STOXX, offsetting weaker consumer and healthcare stocks.
Top gainer on the pan-European benchmark was Ferguson (FERG.L), up 3 percent after the company reported a rise in trading profit and announced a share buy back plan.