Yesterday's vote saw Macron's centrist group, the Republic on the Move (REM), secure a massive victory in the National Assembly, giving him a mandate to pursue a pro-EU, business-friendly agenda.
Philippe has been asked to unveil the new government by Wednesday 1600 GMT, the sources said. Macron, 39, became France's youngest president in May after a tumultuous campaign in which the mainstream left and conservative parties lost ground and the far-right National Front failed to make a much-touted breakthrough.
Macron's election was followed, as scheduled, by legislative elections. REM and its centrist ally MoDem won 350 seats in the 577-seat assembly. The conservative opposition, the Republicans, won a total of 130 seats with their allies.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)