Global Financial News: Markets Continue to Rally

European stocks are expected to extend gains Tuesday.

Author:: TheStreet Staff
Publish date:: Apr 25, 2017 4:46 AM EDT

Summary of the financial news from around the world:

1. Global markets continue to rally in the wake of Emmanuel Macron's victory in the first round of Sunday's presidential elections in France.

2. Sentiment for the remainder of the week is likely to hinge upon the strength of corporate earnings reports, with around 190 S&P 500 companies reporting in what is expected to be the most active week in a least a decade.

3. LVMH Moet Hennessy Louis Vuitton SE (LVMUY) shares leaped to the top of the market in Paris after it said it would buy out the minority interest held by Christian Dior SA (CHDRY) in a €12.1 billion ($13.16 billion) deal it said would lift its earnings profile.

4. Investors are also primed for details on a comprehensive tax reform proposal from U.S. President Donald Trump, which he said in a Tweet last week would be available on Wednesday.

This article was written by a staff member of TheStreet.