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A Sigh of Relief as European Markets Rally after French Elections

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Marine Le Pen is expected to lose after center left candidate Emmanuel Macron garnered first place in the French elections.  Macron is expected to lead the country down a progressively more Euro-centric path than Le Pen.

European markets are enjoying a relief rally after Emmanuel Macron’s victory in the first round of the French presidential election. Both the bourses and euro are gaining value with investors emboldened by the hope that Macron will win the Presidency in 13 days’ time. The CAC has jumped to a nine-year high, ripping through its April 2015 high, and is now up 4.5% to levels last seen in 2008.

DailyFX European Market Wrap: European Markets Rally after French Elections: 4/24/17 – YouTube

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