European stocks to big rise

Its France’s shares and bonds cheered a meaty parliamentary majority for pro-business President Emmanuel Macron, European stocks regulated for their biggest rise in two months today as investors give way up cut-price retail and tech stocks.

Europe’s banks jumped too following broker upgrades for Credit Suisse [.EU], whereas there was little sign of tension for the sector or for the pound GBP=D3 or euro EUR=EBS as formal Brexit negotiations kicked off in Brussels.

Forecasts showing that Macron had won a commanding majority in France’s weekend vote saw Paris stocks .FCHI make a 1.1 percent gain as the country’s bonds also outperformed in fixed income markets.