Germany's blue-chip share index, the DAX, hit an all-time high Monday, as stock markets across Europe reacted with relief to pro-business French presidential candidate Emmanuel Macron's first-round success.
The index of 30 leading stocks briefly touched 12,398 points, only slightly above the previous record of 12,391 reached in April 2015.
By 0905 GMT, it had fallen back to 12,390 points, up 2.85 percent since trading opened in Frankfurt.