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- French Election: A Le Pen win to see stocks falling, euro weaker – Bloomberg
French Election: A Le Pen win to see stocks falling, euro weaker – Bloomberg
According to the investors and strategists interviewed by Bloomberg, the European stocks, as well as, the euro will suffer on Monday on nationalist Marine Le Pen’s surprise victory in the French general election.
Also Read: French Elections Preview: EUR/USD buy opportunity? Macron lead is underestimated, three scenarios
Key takeaways
“Macron leads Le Pen by 55.5% to 44.5% heading into the sole debate Wednesday night, a polling average shows.”
“If nationalist Marine Le Pen upsets the incumbent, European stocks are likely to slump Monday, while French bonds would underperform German securities and the euro could even trade at parity with the dollar in coming months.”
“The full consequences wouldn’t be visible until after legislative elections in June, they said, when it would be clear whether she has a majority to back her proposals to review free trade agreements and re-establish border controls.”
“A Le Pen victory arguably would be an even bigger shock to investors, since the polls show a larger lead for Macron than they did for the UK.’s remain vote in 2016.”
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