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Europe Stocks Close Higher in The Wake of EU Elections


Monday, 27 May 2019 23:22 WIB

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European shares climbed on Monday, as an EU Parliament election showed Europhile parties still performing reasonably well despite a rise in support for nationalists.

Germany’s DAX closed about 0.5% higher while France’s CAC climbed 0.3%. Italy’s FTSE MIB jumped 0.6% initially, but fell into negative territory during the afternoon session after a report Brussels is considering disciplinary action over Rome’s failure to rein in public debt.

Markets in the U.K. and U.S. were closed Monday, meaning trading volumes were low.

Source : CNBC


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