Global stock markets were higher post the weekend’s French elections. The 2 front-runners, far-right nationalist Marine Le Pen and centrist Emmanuel Macron won the first round of the French presidential election, triggering a runoff on May 7 between two radically different visions of the country’s future.
It was a close race, Le Pen was on course to take 24.3% in Sunday’s election, with Macron, a first-time candidate and political independent, on 22.2%, according to projections from the Interior Ministry based on more than a third of votes counted. While their tallies may change with projections showing Macron catching up, the top two candidates are clear - meaning that for the first time in modern French political history, both establishment parties were eliminated in the first round, reflecting another political rejection of the status quo.
The initial market reaction has seen a bounce in the Euro to a 5-month high, and it will be i...
Stock Markets, Simplified.