Europe: Stocks steady after France-induced surge

[LONDON] European stock markets steadied at the start of trading Tuesday after soaring the previous session on the first-round result of France's presidential election.

The Paris CAC 40 index gained 0.1 per cent to 5,274.36 points at the open after closing up 4.1 per cent on Monday.

Frankfurt's DAX 30 index opened flat at 12,457.83 points having rallied 3.4 per cent Monday to close at a record high.

In London, the FTSE 100 was also flat at the open after jumping 2.1 per cent in the week's first trading session.

Global stock markets rallied strongly Monday after moderate candidate Emmanuel Macron won the first round of France's presidential election, sending indices to record highs on both sides of the Atlantic and boosting the euro.

AFP