European stock markets open higher


LONDON: European stock markets opened higher on Monday as traders reacted to a strong victory for President Emmanuel Macron’s centrist party in French parliamentary elections, as Britain begins formal Brexit talks. London’s benchmark FTSE 100 index rose 0.8 percent to 7,521.61 points compared with the close on Friday. In the eurozone, Frankfurt’s DAX 30 index climbed 0.8 percent to 12,849.99 points and the Paris CAC 40 gained 0.8 percent to 5,305.22. “A positive opening… comes as traders welcome another Macron victory in France,” said Accendo Markets analyst Mike van Dulken. “There is also optimism about a positive start to UK-EU Brexit negotiations which kick off today in Brussels.” Macron’s year-old Republique en Marche party won one of France’s biggest post-war majorities, strengthening his hand in implementing his programme of business-friendly reforms.

Originally Published By APP

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