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European stocks are mixed as worries over French elections ease
On Tuesday, European stocks were mixed, as two surveys revealed that centrist Emmanuel Macron was considered to be the most convincing nominee in a debate between presidential candidates in France.
The benchmark Euro Stoxx 50 surged 0.22%, France’s CAC 40 rallied 0.28%, though Germany’s DAX 30 edged down 0.02%.
The apparent victory eased worries that right-wing as well as anti-euro candidate Marine Le Pen, who has pledged to leave the single-currency bloc if elected, would definitely win out in the French elections, simultaneously bringing the common currency to six-week peaks.
Additionally, market participants looked ahead to the February inflation data from Great Britain. Experts hope that the consumer price index in this country will reach its highest value since November 2013 in a return to the BOE’s 2% objective.
In London, the FTSE 100 decreased 0.06%, as traders waited for the inflation data.
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