Loading...

Europe stocks rise, led by Milan

May 28 2018 10:10

Paris - European equities markets rose on Monday, led by the Milan FTSE MIB stock exchange, which jumped nearly 2% as investors backed Carlo Cottarelli, an economist formerly with the International Monetary Fund, to form a technocrat government.

Italian President Sergio Mattarella vetoed the nomination of fierce eurosceptic Paolo Savona as economy minister, scuppering the anti-establishment Five Star Movement and far-right League's bid to form a government.

Cottarelli, known as "Mr Scissors", has been summoned for talks with the president later on Monday.

Frankfurt's DAX 30 meanwhile gained 0.6% as the Paris CAC exchange rose 0.4%.

The London FTSE stock exchange was closed for a bank holiday.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest. 24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

european markets  |  equities  |  markets
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The state capture inquiry will:

Previous results · Suggest a vote

Loading...