European shares set to rise as attention turns to EU recovery fund

European equities are set to start the week on the front foot as traders looked ahead to an EU meeting to discuss the bloc’s €750bn coronavirus recovery fund. Optimism is growing among investors ahead of a summit on the EU recovery fund on Friday, while US earnings season kicks off this week. European and US equities have struggled to find momentum to continue their rush higher in the past month, as coronavirus cases and deaths continue to blight the American recovery.