Irish shares lead Europe after May wins Brexit assurances

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Irish shares lead Europe after May wins Brexit assurances
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Irish shares outperformed the rest of the euro zone on Tuesday after European Co...

LONDON - Irish shares outperformed the rest of the euro zone on Tuesday after European Commission President Jean-Claude Juncker and UK Prime Minister Theresa May agreed a new Brexit withdrawal deal to cope with misgivings about the controversial Irish backstop.

Dublin’s ISEQ climbed 0.8 percent, set for its biggest gain since March 1 and outdoing a 0.1 percent rise in the STOXX 600. The DAX rose 0.3 percent by 0825 GMT. German carmaker Volkswagen fell 0.2 percent after reporting a decline in operating margins for its core VW brand and announcing it would introduce almost 70 new electric models by 2028.

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