Europe: Shares rise, Athens stocks jump on snap election

[BENGALURU] European shares rose on Monday, led by car-makers after Fiat Chrysler and Renault confirmed they were in talks to merge, while broader trading was mainly driven by regional politics.

The calling of a snap election by Greek Prime Minister Alexis Tsipras boosted sentiment after the ruling leftist Syriza party endured a heavy defeat in the European election.Athens-traded stocks surged 6.1 per cent, for their best day since February 2016, on hopes that a new government would be more business friendly than the current one.

Austrian stocks recovered from earlier losses to end flat on the day after Chancellor Sebastian Kurz's government was ejected from office in the aftermath of a video sting scandal.

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