- Shares in Stellantis, Aston Martin skid on profit warnings
- Dali prints found in London garage sold at auction
- ECB chief backs bank mergers amid UniCredit, Commerzbank talk
- China stocks soar on stimulus, but US and Europe retreat
- 100 dead in storm Helene damage, flooding across US southeast
- China stocks soar on stimulus, Europe slides on automaker woes
- German antitrust watchdog steps up monitoring of Microsoft
- Nepal's urban poor count cost of 'nightmare' floods
- E.Guinea, Gabon clash at ICJ over oil-rich islands
- New blow for UK's Starmer as growth data disappoints
- China's top banks to tweak mortgage rates to boost housing market
- Muslim women break taboos navigating east London's waterways
- Nepal dam-building spree powers electric vehicle boom
- More than 60 dead from storm Helene as rescue, cleanup efforts grow
- Dozens missing, 9 dead in migrant boat wreck off Spanish Canaries
- Death toll from Hurricane John hits eight in Mexico
- Storm Helene's toll rises as rescue and cleanup efforts gain pace
- SpaceX launches mission to return stranded astronauts
- Storm Helene kills 44, threatens more 'catastrophic' flooding as cleanup begins
- SpaceX set to launch mission to return stranded astronauts
- Storm Helene kills 44, threatens more 'catastrophic' flooding
- Boeing strike grinds on as latest talks fail to reach agreement
- Iran 'news' sites, hackers target Trump ahead of US election
- US ports brace for potential dockworkers strike
- Japan's speedy, spotless Shinkansen bullet trains turn 60
- US hurricane deaths rise to 44, fears of more 'catastrophic' flooding
- Global stocks mostly rise, cheering Beijing stimulus
- Europe en route for Moon with new simulator, says astronaut Pesquet
- Fireworks forecast if comet survives risky Sun flypast
- Argentina judge orders dictionary to delete pejorative definition of 'Jewish'
- Global stocks rise on rate hopes, Beijing stimulus
- S.African woman turns 118, among the oldest in the world
- UK clears $4 bn AI partnership between Amazon, Anthropic
- Barca fans barred from Champions League away game over racist banner
- Chinese stocks extend surge, Europe higher on Beijing stimulus
- Pope says Church must 'seek forgiveness' for child sexual abuse
- China caps week of 'bazooka' stimulus for ailing economy with rate cut
- Cuts, cash, credit: China bids to jumpstart flagging economy
- France's debt weighs heavier ahead of budget debate
- Iran treads carefully, backing Hezbollah while avoiding war
- Return to sender: waste stranded at sea stirs toxic dispute
- 'Broken' news industry faces uncertain future
- On remote Greek island, migratory birds offer climate clues
- Taken from mother by nuns, victim seeks answers as pope visits Belgium
- China cuts amount banks hold in reserve to boost lending
- Hong Kong, Shanghai extend surge as China optimism boosts markets
- Vietnam president reiterates support for Cuba during official visit
- Drought reduces Amazon River in Colombia by as much as 90%: report
- Stay or go? Pacific Islanders face climate's grim choice
- Florida bracing for 'unsurvivable' Hurricane Helene
RBGPF | 7.18% | 64.75 | $ | |
RYCEF | -0.14% | 7.03 | $ | |
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RELX | -0.45% | 47.345 | $ | |
BP | 0.11% | 31.455 | $ | |
GSK | 0.11% | 40.755 | $ | |
JRI | 0.8% | 13.69 | $ | |
BTI | -0.96% | 36.49 | $ | |
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AZN | 0.14% | 77.725 | $ |
Paris stocks, euro gain on Macron vote result
The Paris stock market and the euro rose on Monday, with investors soothed by French President Emmanuel Macron's election performance.
Frankfurt and London equities however fell on Asian losses, with sentiment souring on flat UK economic growth, Chinese inflation jitters and the prospect of more aggressive US interest rate hikes.
Oil prices slid on fears over the demand impact of China's Covid-19 containment measures.
Macron topped France's first round presidential vote on Sunday, leading far-right rival Marine Le Pen by a larger-than-expected margin.
- 'Solid result' -
With 97 percent votes counted, Macron came in first with 27.6 percent of the vote. Le Pen was second with 23.4 percent.
"A solid result for incumbent Emmanuel Macron ... has helped to allay fears of a Le Pen presidency," said economist Jessica Hinds at research consultancy Capital Economics.
"But the latest polls still point to a very tight race."
Investors had fretted about the implications of a victory for Le Pen in the midst of the war in Ukraine, given her long-standing sympathies for Russia.
"All attention will now turn to the second round on April 24, and the big question for that will be where the supporters of the defeated first-round candidates go," wrote Deutsche Bank analysts in a client note.
On the downside, London stocks slid on official data showing that the UK economy had ground to a near halt in February, growing by just 0.1 percent.
- Dollar eyes 2002 yen peak -
Elsewhere, the dollar hit a 2015 high at 125.54 yen on expectations of more US Federal Reserve interest rate hikes, in contrast with the Bank of Japan's loose policy.
That was not far from the greenback's two-decade peak of 125.86 yen.
The Fed has recently taken a hawkish tone as it embarks on an aggressive tightening path to counter runaway inflation.
In China, factory-gate inflation was higher than expected in March, official data showed, as Russia's war on Ukraine pushes up oil prices while a domestic Covid-19 resurgence strains food supplies and consumer costs.
The producer price index -- measuring the cost of goods at the factory gate -- grew 8.3 percent on-year, National Bureau of Statistics (NBS) figures showed.
In Jakarta, Indonesia's biggest tech firm GoTo soared on its debut after a billion-dollar IPO -- the world's fifth-biggest this year.
- Key figures around 1100 GMT -
Paris - CAC 40: UP 0.8 percent at 6,600.81 points
London - FTSE 100: DOWN 0.3 percent at 7,643.26
Frankfurt - DAX: DOWN 0.4 percent at 14,232.76
EURO STOXX 50: UP 0.1 percent at 3,861.78
Euro/dollar: UP at $1.0911 from $1.0877 late Friday
Pound/dollar: UP at $1.3038 from $1.3025
Euro/pound: UP at 83.68 pence from 83.51 pence
Dollar/yen: UP at 125.50 yen from 124.34 yen
Tokyo - Nikkei 225: DOWN 0.61 percent at 26,821.52 (close)
Hong Kong - Hang Seng Index: DOWN 3.03 percent at 21,208.30 (close)
Shanghai - Composite: DOWN 2.61 percent at 3,167.13 (close)
New York - Dow: UP 0.4 percent at 34,721.12 (close)
Brent North Sea crude: DOWN 2.4 percent at $100.44 per barrel
West Texas Intermediate: DOWN 2.4 percent at $95.95 per barrel
burs-rfj/gil
C.Peyronnet--CPN