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Market reaction to the results of the first round of the presidential elections in France

24 april 2017 - Fx4News
Market reaction to the results of the first round of the presidential elections in France

Stock market indices show the dynamics of growth across the European continent - on materials AMarkets.

 

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This is primarily due to the presidential election in France and the intense struggle that arose in the first round, by the representative of the center-Emmanuel Macron, and the candidate of the far-right National Front, Marine Le Pen.


It is expected that Macron with a pro-European views, and got the win in the second round. It is the preferred candidate in the financial markets, since his election will mean virtually zero chance of France's withdrawal from the EU.


Risky assets began to rise sharply in price from the time of the start of voting on Sunday evening. The euro hit a five-month high, while safe-haven assets such as gold and the yen collapsed.

 

 

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