French presidential race: Paris and Brussels stock exchanges rise sharply following first round
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French presidential race: Paris and Brussels stock exchanges rise sharply following first round

© Belga
Credit: Belga
© Belga

The Paris Stock Exchange began the week with a flying start the day after the first round of the French presidential election. Significantly, this yesterday (Sunday) saw the pro-European candidate Emmanuel Macron both as the winning candidate, and the firm favourite to win the second round. The second round will take place on May 7th.

The CAC 40 index, which has had a rough ride in recent days, increased by more than 4% upon opening at 5,267.88 points.

In Brussels, the Bel 20 increased by more than 2.7% upon opening, with all of its constituent companies’ share prices “in the Green.”

The other three major European stock exchanges also welcomed the news of Emmanuel Macron’s win. Upon opening, London was up 1.37%, Frankfurt up by 2.06% and Madrid up 3%.

Oscar Schneider
The Brussels Times