Saturday June 6, 2020

French vote prompts relief rally in European shares, the euro

The euro hit a five-month high amid expectations that the pro-European Macron will become the next French president

24th April, 2017
A screen showing the outcome of the French election Pic: Getty

European shares surged and the euro hit a five-month high amid expectations that the pro-European, business-friendly centrist candidate Emmanuel Macron will become the next French president.

The results triggered a relief rally in European financial markets ahead of the run-off, which is widely seen as a barometer for the future of the European Union.

"The market will likely fully price in the outcome of the second round today in favour of Mr. Macron," one London-based...

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