European markets buoyed by Macron’s huge victory

The European markets cheered as French President Emmanuel Macron’s centrist party cruised to the parliamentary majority after the final round of the election on Sunday.

The win triggered a new wave of optimism as traders expect Macron to pass reforms that could accelerate both the French and European economy, notes Financial Times.

French stock was a major beneficiary with a jump of 1 percent, writes The Guardian. A share of optimism has also been attributed to the beginning of formal Brexit negotiations between the U.K. and the E.U. today. Sterling also registered a slight gain on Monday.