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European stocks surge at open on French vote result

AFP

European stocks soared at the open Monday as investors welcomed news that pro-European centrist Emmanuel Macron won the largest number of votes in the first round of France's presidential election.

The Paris CAC 40 index shot up 4.1 percent to 5,267.88 points.

Frankfurt's DAX 30 jumped 2.0 percent to 12,296.56 and London's FTSE 100 won 1.4 percent to 7,211.78.

Madrid's IBEX 35 index rallied 3.5 percent to 10,734.4 points at the start compared with Friday's close.

"Equities are supported in tandem with a stronger euro, which is enjoying its best daily gain in almost a year as it trades around the level it was last November," said Neil Wilson, senior market analyst at ETX Capital.