European stocks post highest close since Brexit

lunes 11 de julio de 2016 12:49 GYT

* STOXX 600 up for third straight session

* Indexes extend gains after May confirmed as British PM

* Thyssenkrupp and ArcelorMittal among top performers

* Goldman Sachs keeps "neutral" view on equities (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)

By Alistair Smout and Sudip Kar-Gupta

LONDON, July 11 (Reuters) - A top European share index rose on Monday to post its highest close since Britain voted to leave the European Union, after Theresa May won the race to succeed David Cameron as Prime Minister, reducing political uncertainty in the UK.

May's rival for the leadership, Andrea Leadsom, pulled out of the race on Monday, and Cameron said he would resign on Wednesday to hand over to May and avoid a leadership vacuum over the summer.

The STOXX Europe 600 closed up 1.6 percent at 332.72, its highest close since June 23, the day of the referendum. However, the index remains 4 percent below that closing level, after the result sent shares tumbling on concerns over the outlook for the British and euro zone economies.

Analysts said May was an experienced politician who would provide stability during the Brexit negotiations   Continuación...