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mahatmakanejeeves

(56,897 posts)
Mon Apr 24, 2017, 11:48 AM Apr 2017

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 France’s election result — here’s 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. He’ll battle against far-right National Front leader Marine Le Pen, who’s 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 Sunday’s ballot, with one of them emerging as France’s 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.
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The market is going bonkers over France's election result - here's how in 5 wild charts (Original Post) mahatmakanejeeves Apr 2017 OP
And just like the last 2nd round election the FN was in, they will lose by 50%. Crowman2009 Apr 2017 #1
This time it will be a little closer, although not nearly the horse race that the media tried to StevieM Apr 2017 #2
Le Pen needs to lose, but it should have never gotten this close IronLionZion Apr 2017 #3

Crowman2009

(2,478 posts)
1. And just like the last 2nd round election the FN was in, they will lose by 50%.
Mon Apr 24, 2017, 11:55 AM
Apr 2017

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)
2. This time it will be a little closer, although not nearly the horse race that the media tried to
Mon Apr 24, 2017, 12:01 PM
Apr 2017

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)
3. Le Pen needs to lose, but it should have never gotten this close
Mon Apr 24, 2017, 01:02 PM
Apr 2017

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.

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