European markets as investors react to Macron’s victory over France

LONDON – European stocks are expected to open sharply on Monday, as sales on world markets continue in the new trading week.

The FTSE index of the United Kingdom opened 94 points lower at 7,533, the German DAX 241 points lower at 13,901 and the French CAC 40 fell 72 points to 6,509, according to IG.

Investors in Europe will also absorb the projected result of Monday’s French presidential election and observe the latest developments in Ukraine.

Frenchman Emmanuel Macron seems to have successfully defeated his rival Marine Le Pen in Sunday’s election, securing a second term as president on his business and EU agenda.

Official results show that centrist Macron of the La Republique En Marche party won 58.5% in the second and final rounds of voting. Le Pen of the nationalist and far-right National Rally party had almost 42% of the vote.

Selection of stocks and investment trends by CNBC Pro:

European investors continue to watch events in Ukraine as Russia’s invasion of the country enters its third month on Sunday. The conflict that killed thousands and led to the worst refugee crisis Europe has seen since World War II.

The war will only end if Russian troops withdraw completely from the country, said Ukrainian Prime Minister Denis Shmihal.

Asia-Pacific markets fell sharply on Monday after Friday’s sell-off on Wall Street. U.S. stock futures fell on Sunday night amid a four-week series of losses for the Dow Jones Industrial Average as investors estimated the likelihood of rising interest rates. Wall Street is also preparing for a week of accumulated profits, including reports from major technology companies such as Amazon and Apple.

Profits are expected to come from Deutsche Boerse, Philips and Roche on Monday. The released data will include the latest Ifo business climate study from Germany.

Did you like this article? For exclusive promotions, investment ideas and CNBC’s global live stream Sign up for CNBC Pro Start your free trial now

– Sylvia Amaro, Sarah Min and Matt Clinch of CNBC contributed to this market report.