European equities led higher by German shares, Italy banks lower
(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...