European markets are buoyed by France’s election but might dive after Italy’s
The STOXX 600 index, that covers 18 European countries, closed the week up 2.5%, the best result since December.
Published| Photo by Reuters/Pascal Rossignol
Relieved by the outcome of the first round of the French election, investors poured money into Europe.
Market-friendly, pro-EU presidential candidate Emmanuel Macron is expected to win against populist candidate Marine Le Pen in the second round.
Optimistic about the result of the French election, to be decided on May 7 🇫🇷, investors still need to be wary of the challenges in the distance, with the Italian election due by early next year 🇮🇹.