European equities led higher by German shares, Italy banks lower

lunes 2 de mayo de 2016 08:46 GYT

(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details)

* Euro STOXX 50 index up 0.4 pct

* German share outperform after factory data

* Italian banks lower after govt measures

* Auto stocks among biggest gainers

By Danilo Masoni and Atul Prakash

MILAN/LONDON, May 2 (Reuters) - European shares climbed back on Monday after sharp declines in the previous session, with German shares outperforming the broader market after a positive manufacturing survey report.

However, Italian banks fell as traders said new measures the government approved late on Friday to speed up recovery of unpaid loans would fail to have a big impact in the short term.

Trading volumes were thin as the UK market and other bourses in Europe were closed for a public holiday.   Continuación...