On Monday, the euro was 0.41% higher, while European stock futures rose 1.4% and French OAT bond futures gained 0.15% as investors digested the better than feared results, although uncertainty remained.
“There is a sense of relief that the first round of the French elections weren’t as comprehensively in Le Pen’s favour as the polls indicated,” said Tony Sycamore, market analyst at IG.
“This raises hopes that National Rally won’t win an outright majority, nor be in a position to open the purse strings, a proposition which had the French bond market and the euro looking nervously over their shoulders.”
Exit polls showed…
