German shares help European equities edge ahead; Italy banks drop

lunes 2 de mayo de 2016 12:09 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) Adds details, closing prices)

* Euro STOXX 50 index up 0.1 pct

* German shares outperform after factory data

* Italian banks lower after govt bad debt measures

* Allianz rises after results

By Danilo Masoni and Atul Prakash

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

However, Italian banks fell after the latest government measures aimed at tackling the sector's pile of bad loans fell short of expectations.

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