European stock markets, euro drop as traders look past Macron win

LONDON: European stock markets fell Monday and the euro dropped from a six-month dollar high as investors looked beyond Emmanuel Macron's French presidential victory to bet on whether he will be able to push through economic reforms.

The European single currency reached $1.1023, the highest level since November, at around 2030 GMT Sunday after it became clear that the pro-EU former investment banker Macron had won. However, the euro soon fell back to stand at $1.0937 approach midday in Paris on Monday.

The Paris stock market was meanwhile down 1.0 percent after sharper falls compared with the main Frankfurt and London indices.