The market is going bonkers over France's election result - here's how in 5 wild charts
Source: MarketWatch
The market is going bonkers over Frances election result heres how in 5 wild charts
Published: Apr 24, 2017 9:44 a.m. ET
German stocks head for record, while euro climbs to 5-month high
By
Sara
Sjolin
Markets reporter
Investors globally woke up to a major relief rally Monday morning after a win for centrist Emmanuel Macron in the first round of voting in the French presidential election calmed fears of a eurozone breakup.
With almost all ballots counted, Macron had won nearly 24% of the votes, enough to secure him a spot in the runoff round on May 7. Hell battle against far-right National Front leader Marine Le Pen, whos likely to lose to the En Marche candidate, according to the latest opinion polls.
After a race full of surprises, investors had feared a nightmare scenario* in which Le Pen and far-left candidate Jean Luc Melenchon both euroskeptics would come out on top in Sundays ballot, with one of them emerging as Frances next president after the second round in May. Such a result would have sparked concerns of a so-called Frexit, in which France would leave the European Union and the eurozone.
The strong showing for Macron, however, was immediately enough to trigger a risk-on rally in financial markets on Monday. Stocks jumped in both Europe and the U.S., the euro surged and French bond yields moved sharply lower as prices leapt.
....
Sara Sjolin is a MarketWatch reporter based in London. Follow her on Twitter @sarasjolin.
https://twitter.com/sarasjolin
* http://www.marketwatch.com/story/here-are-3-things-the-french-election-could-do-to-the-euro-2017-04-21
Read more: http://www.marketwatch.com/story/the-market-is-going-bonkers-over-frances-election-result-heres-how-in-5-wild-charts-2017-04-24
Yes, this is the actual headline.
Crowman2009
(2,478 posts)In 2002 various opposition parties in France told their members to vote for Jacques Chirac in order to keep Jean Marie Le-Pen from winning.
StevieM
(10,499 posts)pretend it would be yesterday.
Le Pen will get about 35 to 40 percent of the vote. Macron will get 60 to 65 percent of the vote.
So it will be a 20-30 point victory, not 50 points.
IronLionZion
(45,261 posts)If she gets 40% of the vote in the runoff, that is way too much for a nationalist party to get. It's disgusting how much things have changed for the worse to stir up deep racism among many normal people.