European shares up for first time in three days after Brexit battering

martes 28 de junio de 2016 12:40 GYT

(ADVISORY - Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets) Adds details, closing prices)

* Pan-European STOXX 600 bounces 2.6 percent

* Index had slumped 11 percent in previous two days

* Lloyds surges as financials lead market rebound

* Volkswagen rises after U.S. settlement deal

By Sudip Kar-Gupta and Danilo Masoni

LONDON/MILAN, June 28 (Reuters) - European shares rose for the first time in three days on Tuesday after a heavy sell-off following Britain's shock vote to leave the European Union, with battered financial stocks leading the bounce.

The pan-European STOXX 600 index, which had slumped 11 percent in the last two sessions, ended up 2.6 percent, while the pan-European FTSEurofirst 300 index rose 2.4 percent.

Insurance and banking stocks climbed, after suffering the worst of the market rout. Legal & General was up almost 8 percent after it said its balance sheet had proved resilient to the Brexit vote and it had trimmed its exposure to riskier assets beforehand.   Continuación...