UK leads European equity rally after Conservative win

viernes 8 de mayo de 2015 06:44 GYT
 

* FTSE 100 up 1.7 pct, outperforms region

* UK Conservatives' victory seen as positive for equities

* Syngenta rallies after rejecting Monsanto bid (Updates prices, expands)

By Francesco Canepa

LONDON, May 8 (Reuters) - UK shares led a rebound in European equity indexes on Friday after election results showed Prime Minister David Cameron's Conservatives were set to govern Britain for another five years.

Broader market sentiment was also supported by a return to calm in U.S and European government bonds after a recent selloff, with investors awaiting U.S. jobs data due later in the session.

At 1012 GMT, Britain's FTSE 100 was up 1.7 percent, outperforming the FTSEurofirst 300 index of pan-European shares, up 1.4 percent.

British bank Lloyds rose 6.3 percent as the threat of a Labour-proposed banking levy disappeared while utility Centrica, which might have been hit by a tariff freeze under a Labour government, added 6.9 percent. British defence group Babcock gained 7.1 percent.

"As far as markets are concerned, it is good news," Stanhope Capital's chief investment officer Jonathan Bell said.   Continuación...