The more market-friendly French candidate wins, and French stocks sell off.
You’d be hard-pressed looking at markets to figure out the winner of the French presidential race. The incumbent tech-backed centrist easily won another five-year term over his far-right challenger, and the euro EURUSD falls, and French CAC 40 FR:PX1skids over 2%.You’d be hard-pressed looking at markets to figure out the winner of the French presidential race.
Much will depend on the June parliamentary elections, where Gudin said there is a significant risk of a hung parliament. There’s also the question of who will be his prime minister, with one candidate being European Central Bank president Christine Lagarde, though other figures including Labor Minister Elisabeth Borne and Agriculture Minister Julien Denormandie have been mentioned as possible prime ministers .
Macron plans to cut household taxes, and a plan to renovate 700,000 homes a year to help cut energy consumption could benefit do-it-yourself retailers.
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