Paris stock market rebounds at open

Written by M.R. Faith on

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A television screen displays an image of France's President-elect Emmanuel Macron, as traders works on the trading floor of ETX Capital in London on May 8, 2017, following the result of France's presidential election. The Paris stock market rose slightly at the open Monday after the expected French presidential election win for Emmanuel Macron. Macron won a resounding victory in the French presidential election but the focus will shift immediately Monday to whether he can govern the country without the support of a traditional party. / AFP PHOTO / CHRIS J RATCLIFFE
A television screen displays an image of France’s President-elect Emmanuel Macron, as traders works on the trading floor of ETX Capital in London on May 8, 2017, following the result of France’s presidential election. The Paris stock market rose slightly at the open Monday after the expected French presidential election win for Emmanuel Macron. Macron won a resounding victory in the French presidential election but the focus will shift immediately Monday to whether he can govern the country without the support of a traditional party. / AFP PHOTO / CHRIS J RATCLIFFE

LONDON, United Kingdom (AFP) — The Paris stock market rebounded at the start of trading on Tuesday after sliding the previous session in the wake of Emmanuel Macron’s French presidential victory.

The Paris CAC 40 index gained around 0.4 percent to 5,404.14 points at the open compared with Monday’s close.

The French index had slid almost one percent by the close on Monday as investors quickly looked beyond Macron’s victory to bet on whether the pro-EU former investment banker would be able to push through economic reforms.

At the start on Tuesday, Frankfurt’s DAX 30 index climbed 0.3 percent to 12,732.31 points, while outside the eurozone, London’s benchmark FTSE 100 won 0.1 percent to 7,308.04.

© Agence France-Presse