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BCN-23
MARKETS-EUROPE-OPEN
Europe stocks rise, led by Milan
PARIS, May 28, 2018 (BSS/AFP) – European equities markets rose Monday, led
by the Milan FTSE MIB stock exchange, which jumped nearly two percent 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 Monday.
Frankfurt’s DAX 30 meanwhile gained 0.6 percent as the Paris CAC exchange
rose 0.4 percent.
The London FTSE stock exchange was closed for a bank holiday.
BSS/AFP/HR/1340