Macron wins French vote

BlackRock
By May 5, 2022 16:37

Macron wins French vote

Centrist Emmanuel Macron was set to secure a second term as France’s president, heralding a deepening of European integration at a time the continent is under extraordinary stress. Macron fended off a challenge by euroscepticMarine Le Pen for the second time, albeit with a smaller margin than in 2017. We could see modest gains for French and peripheral bonds, the euro and European stocks as the result maintains the status quo and averts a potentially disruptive scenario. The election result is key for Europe’s future shape, in our view. The French president is the head of state and leads international affairs. Macron, who was the first French president to be re-elected in 20 years, is committed to deepening EU integration. In contrast, Le Pen advocated to transform the EU into an “association of free nations.” 

BlackRock
By May 5, 2022 16:37

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