MILAN May 8 European shares are set to open
higher on Monday, surging to fresh highs after Emmanuel Macron
was elected French president with a business-friendly vision of
According to financial spreadbetters, the Euro zone STOXX 50
index is seen up 0.8 percent, France's CAC 40
up 0.9 percent and Germany'S DAX up 0.8
percent, while Britain'S FTSE is called up 0.4 percent.
Last week the CAC ended at a fresh 9-1/2 year high and the
DAX at a new all-time high.
Macron defeated Marine Le Pen, a far-right nationalist who
threatened to take France out of the European Union.
"Despite the uncertainty related to government formation and
a potential implementation of reforms, the election result is a
positive for Europe..." Credit Suisse's global CIO Michael
Strobaek said in a note. "Equity markets, too, are very likely
to continue to attract investors, with financials expected to do
(Reporting by Danilo Masoni)