European Stocks Gain on EU Election Relief and Auto Shares Surge
German Chancellor Angela Merkel arrives at the EU Headquarters for a European People's Party (EPP) enlarged summit in Brussels on Dec. 13, 2012. Germany's leading role in handling Europe's debt crisis will give a wider importance to the country's federal elections in 2013. John Thys/AFP/Getty Images
LONDON—European shares climbed on May 27 as investors snapped up automaker stocks following confirmation of merger talks between Fiat Chrysler and Renault, and after pro-EU parties kept a firm grip on power in elections to the European Parliament.
The pan-European STOXX 600 added 0.23% with all major European indices in the black, although trading volumes were thin with markets closed for public holidays in the United States and Britain.
