- Title: French election relief sends Euro soaring
- Date: 24th April 2017
- Summary: CAC 40 INDEX ON SCREEN MOVING UP CHAULET LOOKING AT SCREEN GRAPH ON SCREEN CAC 40 INDEX ON SCREEN
- Embargoed: 8th May 2017 09:27
- Keywords: France election markets analyst Macron Le Pen
- Location: PARIS, FRANCE
- City: PARIS, FRANCE
- Country: France
- Topics: Government/Politics,Elections/Voting
- Reuters ID: LVA0026DRBM87
- Aspect Ratio: 16:9
- Story Text: Centrist Emmanuel Macron's win in the first round of the French presidential race sent the Euro soaring on Monday (April 24), as investors cheered the results with polls now putting him comfortably ahead of far-right leader Marine Le Pen in the May 7 run-off.
Political expert Bruno Cautres said Macron's victory would lead him all the way to the Elysee Palace.
"This time she (Le Pen) did a very good election, she got more than seven million votes, which is much more than before, she progressed compared to 2012, she got one more million, one more million voters, but she cannot win that election, it is extremely, extremely likely that Macron is going to be the next French president," he said.
As investors breathed a collective sigh of relief at what the market regarded as the best of several possible outcomes, the euro soared 2 per cent to 1.09395 U.S. dollars when markets opened in Asia before slipping back to around 1.0886 dollars.
It was the euro's highest level since Nov. 10, the day after the results of the U.S. presidential election.
Market analyst Francois Chaulet said Macron, 39, projected a "youthful, dynamic and positive image of France" and compared him to Canada's Prime Minister Justin Trudeau.
- Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2017. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: Video restrictions: parts of this video may require additional clearances. Please see ‘Business Notes’ for more information.