Europe stocks rise, led by Milan

Paris - European equities markets rose on Monday, led by the Milan FTSE MIB stock exchange, which jumped nearly 2% as investors backed Carlo Cottarelli, an economist formerly with the International Monetary Fund, to form a technocrat government.

Italian President Sergio Mattarella vetoed the nomination of fierce eurosceptic Paolo Savona as economy minister, scuppering the anti-establishment Five Star Movement and far-right League's bid to form a government.

Cottarelli, known as "Mr Scissors", has been summoned for talks with the president later on Monday.

Frankfurt's DAX 30 meanwhile gained 0.6% as the Paris CAC exchange rose 0.4%.

The London FTSE stock exchange was closed for a bank holiday.

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