UK stocks lead European equity after Conservative win

viernes 8 de mayo de 2015 11:05 GYT

* Britain's FTSE 100 up 2 pct

* Syngenta rallies after rejecting Monsanto bid

* Calmer bonds, U.S. job data boost sentiment (Adds detail, fresh comment, updates prices)

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 as well as U.S. data showing job growth regain stream and unemployment rate drop near seven-year lows.

At 1442 GMT, the FTSEurofirst 300 index of pan-European shares was up 2.6 percent. Britain's FTSE 100 gained 2 percent.

"While the City is pro-Tory by nature, traders have been celebrating a victory for continuity as much as for the Conservatives," said Marcus Bullus, trading director at MB Capital.

British bank Lloyds rose 5.9 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 6.8 percent. British defence group Babcock gained 9.2 percent.   Continuación...