European shares up, Italy leads after election results

lunes 26 de mayo de 2014 07:28 GYT

* Italy's FTSE MIB outperforms as Renzi wins EU vote

* Pro-EU forces keep majority after European election

* French CAC lags, Germany's DAX hits record high

* London, New York closed for public holiday

By Atul Prakash

LONDON, May 26 (Reuters) - European equities rose on Monday, with Italy's FTSE MIB outperforming the regional stock market after voters endorsed Prime Minister Matteo Renzi's centre-left Democratic Party's reforms in European elections.

The FTSE MIB rose 2.7 percent, outpacing other major European indexes, boosted by gains in domestically focused banks including UBI Banca and BP Milano.

Germany's DAX hit a record high of 9,876.10 points, before settling back to 9,859.53, a rise of 0.9 percent. The euro zone's blue-chip Euro STOXX 50 index was up 0.7 percent at 1034 GMT.

First official results from around the 28-nation bloc showed pro-European centre-left and centre-right parties will keep control of around 70 percent of the 751-seat EU legislature, but the number of Eurosceptic members will more than double.   Continuación...