French election relief sends Euro soaring

Record ID: 708307

  • Title: French election relief sends Euro soaring
  • Date: 24th April 2017
  • Summary: PARIS, FRANCE (APRIL 24, 2017) (REUTERS) POLITICAL EXPERT AT SCIENCES PO UNIVERSITY, BRUNO CAUTRES, CROSSING THE STREET CAUTRES TALKING TO REPORTER (SOUNDBITE) (English) POLITICAL EXPERT AT SCIENCES PO UNIVERSITY, BRUNO CAUTRES, SAYING: "But I cannot see (far-right presidential candidate) Marine Le Pen getting 50 per cent. This time she did a very good election, she got more than seven million votes, which is much 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 (Emmanuel) Macron is going to be the next French president." (SOUNDBITE) (English) POLITICAL EXPERT AT SCIENCES PO UNIVERSITY, BRUNO CAUTRES, SAYING: "The French electorate before the election was obviously in the mood that something has to happen to France, we have got this huge level of political distrust, economic pessimism and finally someone young, someone new comes in the picture by saying to the French, 'we could look ahead, we could go further in the European integration', because that election in the second round it's going to talk about anti- and pro-EU, and the majority of the French are critics of the EU but they don't want France going outside Europe." CAUTRES TALKING TO REPORTER (SOUNDBITE) (English) POLITICAL EXPERT AT SCIENCES PO UNIVERSITY, BRUNO CAUTRES, SAYING: "We have to be aware that what exactly does it means that in a major European country the leader of the far-right is in the second round of a major election. Even if she is not elected, let's say that she would get 40 per cent of the vote, it's going to be a big shock all over Europe anyway." WIDE OF MONTSEGUR FINANCIAL CONSULTANTS VARIOUS OF MARKET ANALYST AT MONTSEGUR FINANCE, FRANCOIS CHAULET, LOOKING AT MARKET MOVEMENTS 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: LVA0016DRBM87
  • 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.
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