According to investors and strategists interviewed by BloombergEuropean stocks, as well as the euro, will suffer on Monday if there is a victory for nationalist Marine Le Pen in the French general election.
Read: French Elections: EUR/USD Buying Opportunity? Macron’s advantage is underestimated – Three scenarios
Featured Findings
“Macron leads Le Pen by 55.5% to 44.5% ahead of Wednesday night’s single debate, an average of polls shows.”
“If nationalist Marine Le Pen unexpectedly beats Macron, European stocks are likely to plunge on Monday, while French bonds would underperform German stocks and the euro could even trade at parity with the dollar in the coming months”.
“The full consequences would not be visible until after the legislative elections in June, they said, when it would be clear if he has a majority to support his proposals to review free trade agreements and reinstate border controls.”
“A Le Pen victory would arguably be a major shock to investors, with polls showing a larger lead for Macron than for the UK Remain vote in the 2016 referendum.”
Source: Fx Street
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
