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On Monday, French shares soared after centrist Emmanuel Macron managed to dominate the first round of voting in the French presidential election, thus easing concerns that two anti-European Union nominees would be in the final runoff.
The CAC 40 index PX1 ascended 3.7%, hitting 5,247.45, thus setting it on track for its biggest one-day percentage revenue since August 2015. If the French benchmark concludes Monday at that level, it’s going to show the strongest close since April 2015, as FactSet states.
Other European markets welcomed the French election outcome too, with the Stoxx Europe 600 SXXP leaping 1.8% and reaching 384.80.
Britain’s FTSE 100 index UKX managed to grow 1.4%, being worth 7,214.04. At the same time Germany’s DAX 30 index DAX gained 2.4%, showing 12,336.83.
The positive mood arose after on Sunday centrist Macron as well as far-right candidate Marine Le Pen came in respectively first and second in France’s presidential election, thus qualifying for the second round on May 7.
On Wednesday, European equities reached their lowest value for two weeks because data disclosing that the German and Japanese economies shrank in the third quarter drove fears about global surge in the face of a dive in crude prices…
On Tuesday, European equities managed to rally, tracking global profits, although advances were tamed by weakness for key crude companies because oil prices go down…
On Tuesday, Asian equities pared losses due to the fact that expectations for a de-escalation of the China-US trade conflict gained support from reports that China's major trade negotiator was about to visit America ahead of a gathering between the two…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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