European Shares Rise Most Since April as Political Risks Ebb
Traders monitor financial data inside the Frankfurt Stock Exchange.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
European shares enjoyed a reprieve on Friday, waving aside lingering political questions, after Italy’s populist parties scraped together a new government to end a three-month deadlock while Spanish Prime Minister Mariano Rajoy was ousted.
The Stoxx 600 advanced 1.3 percent, set for the best day since early April, and paring its biggest weekly drop in more than two months. The biggest losers from the selloff rebounded the most on Friday, with banks outshining all other sectors. The Italian benchmark headed for its biggest gain since early February.