Paris stocks, euro gain on Macron vote result

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Sharjah24 – AFP: 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.