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The stock indices traded higher due to European parliament elections results and the speech of the European Central Bank President Mario Draghi. Italia’s Prime Minister Matteo Renzi’s party election victory boosted European stock markets. Renzi’s Democratic Party scored a massive 41% of the vote.
The European Central Bank President Mario Draghi signalled at the conference in Sintra that the ECB will take action in June if the inflation should weaken.
German consumer confidence published by Gfk remained unchanged at 8.5 in June, meeting analysts’ expectations.
Markets in the U.K. closed for a public holiday.
Banca Popolare dell’Emilia Romagna SC shares increased 8.9%.
Atos shares climbed 5.9% after the company reported to acquire rival Bull for about 620 million euros.
Indexes on the close:
Name Price Change Change %
FTSE 100 closed
DAX 9,892.82 +124.81 +1.28%CAC 40 4,526.93 +33.78 +0.75%
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