Milan stocks rise 1.75 percent after president vetoes eurosceptic minister

The Milan stock market rose sharply early Monday after President Sergio Mattarella vetoed the nomination of fierce eurosceptic Paolo Savona as economy minister, enraging the anti-establishment Five Star Movement and far-right League and prompting their prime minister-elect to step aside.

The president looks set to appoint a pro-austerity economist formerly with the International Monetary Fund to lead a technocrat government ahead of new elections.

Milan stocks rise 1.75 percent after president vetoes eurosceptic minister

The Milan stock market rose sharply early Monday after President Sergio Mattarella vetoed the nomination of fierce eurosceptic Paolo Savona as economy minister, enraging the anti-establishment Five Star Movement and far-right League and prompting their prime minister-elect to step aside.

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