Stocks, euro fall as Macron win shifts focus to economy

Many European leaders are voicing relief after pro-EU centrist Emmanuel Macron decisively won Sunday's French presidential election victory against Marine Le Pen, the far-right nationalist who had threatened to pull France out of the European Union.

Violent protests, anger, egg-throwing and heckling against the president-elect and his defeated, far-right rival Marine Le Pen disrupted their campaigns, which espoused two starkly opposed visions for the country.

Macron founded En Marche! less than a year ago.

Ferrand said the names of Macron's 577 candidates in the legislative elections would be announced on Thursday.

He knows these marginalized voters consider him the candidate of globalization, and he must prove to them that he can be their president.

White House spokesman Sean Spicer said Monday that Trump had spoken with Macron. "I will propose starting this deep transformation of our movement in order to make a new political force", she said.

Leaders from around the world and other political heavyweights have sent congratulatory messages to Macron.

Le Pen says she will lead the opposition to Macron.

Mr Putin also "wished Emmanuel Macron good health, well-being and success in performing the important duties of head of state", according to the Kremlin release.

Mainstream parties on the left and right that were frozen out of Sunday's runoff in a first for modern France, also are regrouping, aiming to clip Macron's wings and impose their political agenda, via parliament, on his five-year term. "The Prime Minister said that she looked forward to working with the new president on a range of shared issues, with the United Kingdom and France's unique partnership providing a strong foundation for future cooperation".

"A part of the export surplus is linked to the quality of our products", Merkel said when asked about suggestions made during the French presidential campaign that Germany needed to help Europe's economic laggards by importing more.

She welcomed his commitment to continued economic reforms and said bilateral cooperation remained a cornerstone of German foreign policy.

Francis Kalifat, president of CRIF, called the victory "incontestable" and congratulated Macron on it.

Market reaction Monday to Macron's victory was subdued: investors were expecting it and seem wary of the difficulties he faces.

The euro, which had risen Sunday night in the wake of the news of Macron's victory, edged back down 0.5 percent to $1.0943.

  • Leroy Wright