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France, banks and retail rebound make for bright start for European shares

Reuters  |  PARIS 

PARIS (Reuters) - French stocks outperformed upbeat European indices on Monday following a convincing parliamentary majority for President Emmanuel Macron, while banks bounced following upgrades and the retail sector recovered from last week's losses.France's blue-chips gained 1.1 percent after President Emmanuel Macron cemented an overwhelming parliamentary majority further increasing his party's capacity to push through reforms.Banks BNP Paribas, Societe Generale and Credit Agricole underpinned gains on the index. Berenberg's chief economist Holger Schmieding said France could become the ...

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First Published: Mon, June 19 2017. 13:15 IST