French election and stock market holidays

First-round victory by ex-banker Emmanuel Macron powers French index to nine-year high as global markets gain.

Monday 24 April The first vote put Macron on The result was seen as the most market-friendly outcome, putting the independent former investment banker in pole position to fend off the anti-EU Le Pen. Banking shares were among the leading gainers across the globe, lifted by the prospect of a more certain economic outlook for the eurozone if the EU-friendly Macron wins the final round of the election.

Meanwhile, the single currency hit a five-and-a-half month high against the dollar.

Sterling had its worst day against the euro since last October and analysts cautioned the currency was likely to remain volatile before the latest European Central Bank meeting on Thursday. French government year bond prices rose to three-month highs as concerns about the election eased. Michael Hewson at CMC Markets said: This lack of support is likely to make him a lame duck president, only able to affect minor tweaks or changes.

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Stock markets surge after French election result | Business | The Guardian

This article is 2 months old. France's stock market hits nine-year high as election cheers investors - business live. France Marine Le Pen Emmanuel Macron Europe Global economy news.

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Stock markets slip back and euro dips despite France rejecting Le Pen - as it happened | Business | The Guardian

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