French Election Relief Sends Euro Soaring

Sylvie Goulard Emmanuel Macron

Stocks worldwide and the euro are "en marche", after centrist candidate Emmanuel Macron won the first round of France's presidential election.

European stock markets surged as investors welcomed the first-round results, with Macron favoured to win. Le Pen on Monday called her opponent "weak" against Islamic terrorism.

"Congratulations @EmmanuelMacron", tweeted the center-right Danish prime minister, Lars L√łkke Rasmussen.

"It's good news, and now investors have a reason to focus on the fundamentals in Europe, which are strong", said Luca Paolini, chief strategist at Pictet Asset Management, a United Kingdom -based firm that manages $165 billion in client assets. "The centre is stronger than the populists think!"

"This evening I made a decision to take my leave of the presidency of the National Front", Le Pen told TV channel France 2.

Leaders normally maintain a studious silence when the vote isn't on their turf. He said that they express a choice "outside the system".

Support for Macron also poured in Monday from the seat of the European Union, as well as German Chancellor Angela Merkel and Jewish and Muslim groups troubled by Le Pen's nationalist vision.

"It may be counterproductive", said Josef Janning, head of the Berlin office of the European Council on Foreign Relations.

Melenchon got 19.64 percent on Sunday and, though a fervent opponent of Le Pen for years, he has so far refused to say who he will back in the runoff. "Any significant shift toward Le Pen in the polls could dampen investor sentiment due to her anti-euro stance". True, polls and prognosticators failed to predict Britain's vote to leave the European Union, or the USA presidential victory of Donald Trump.

Saoirse Ronan misspelled Ed Sheeran's 'Galway Girl' tattoo
The pair filmed a music video for the track in Ireland last week. "I'm actually kind of proud of her", Sheeran insisted. Ed told his fans that he wanted a tattoo of the actress" handwriting saying " Galway Girl '.

Katy Perry might just be anti-Starbucks' Unicorn Frappuccino
In general, Frappuccinos tend to be some of the more time-intensive drinks to make at Starbucks . Comedians have been quick to take jabs at Starbucks' for the sparkly beverage.

Fresno gunman gave police blow-by-blow of shootings of 3 men
Now, police are saying the killings were completely random and the gunman wanted to kill "as many white people as possible". Police said he dumped his shell casings in a nearby alley before walking up to Mark Gassett, 37 , on the sidewalk on N.

In a televised statement, the Socialist leader said France risked "becoming isolated and breaking away from the European Union" if the far-right, anti-EU Ms Le Pen were elected. "He says there is no such thing as French culture", she said.

"She's clearly done better than in 2012", said Joel Gombin, a Front expert at the University of Picardy Jules Verne, calling it a half victory. "They seem to view that possibility as close to zero".

Traders top-sliced some of the euro's overnight gains, but it was still up more than 1 percent on the dollar, more than 2 percent against the yen and 1.3 percent on the pound as the early flurry of deals subsided.

In Berlin, the banner headline on the mass-market tabloid Bild, above a photo of a jubilant Macron, was: "Europe breathes a sigh of relief".

There were several reasons for optimism among pro-Europeans.

The centrist Macron is the early favorite to defeat Le Pen, the candidate of the far right. Although the pair come from opposite ends of the political spectrum, they share a hostility toward the European Union and North Atlantic Treaty Organisation.

Macron, who nabbed 23.8% of the vote, will face euroskeptic candidate Marine Le Pen, who finished second with 21.5% of the vote. This is like a Kennedy deciding a week before a national election that he didn't want to be thought of as a Democrat anymore or a Bush declaring that he didn't want to be seen as a Republican because the party itself was polling badly - except the Le Pen example is even more far-fetched, given the infamy that's attached to the FN brand for decades.

Le Pen offers an alternative for anyone skeptical of the European Union and France's role in it, said Louis Aliot, another National Front vice president.

Related news:

Hot News

isis-killer-beheading-video-story-top Kalisto Defeats Braun Strowman In Dumpster Match
Apr 25, 2017 - 07:31
In the main event, Kurt Angle had booked The Miz to find a tag team partner to take on Dean Ambrose and Chris Jericho. Problem is, we've seen worse happen to Roman Reigns and Big Show (and even John Cone) the last two weeks.

isis-killer-beheading-video-story-top Senate set to confirm Sonny Perdue as agriculture secretary
Apr 25, 2017 - 07:25
At the hearing , Perdue said, "Food is a noble thing to trade". "Today is a great day for American agriculture". Perdue will oversee the nation's farm and forestry programs, as well as the US nutrition programs.

isis-killer-beheading-video-story-top Rare White House briefing called over escalating situation in North Korea
Apr 25, 2017 - 07:24
China - North Korea's sole ally - has called for restraint from all sides in a phone call between President Xi Jinping and Trump. Trump , who called the leaders of China and Japan during the weekend, told U.N.

isis-killer-beheading-video-story-top North Korea parades around a bunch of dicks for founder's birthday celebration
Apr 25, 2017 - 07:24
North Korean schoolgirls perform at the Mangyongdae Children's Palace on Friday, April 14, 2017, in Pyongyang , North Korea. Satellite images show activity at the North's main nuclear test site ahead of the parade, analysts say.

isis-killer-beheading-video-story-top Alonso's Triple Crown Bid To Begin May 3
Apr 24, 2017 - 02:02
Two-time Formula One champion Fernando Alonso is set to rack up some extra frequent flyer miles in the coming weeks. Alonso will be on hand for the IndyCar Grand Prix of Alabama.

isis-killer-beheading-video-story-top Arkansas execution plan again thrown into doubt
Apr 24, 2017 - 01:50
Christian campaigners have been reacting to the news that Arkansas executed its first inmate in 12 years on Thursday. It is expected that there will be last minute legal filings to try to halt the next scheduled executions .

isis-killer-beheading-video-story-top Flash CPU sale: take $50 off AMD Ryzen 7 1700x and 1800X
Apr 22, 2017 - 00:27
The best deals, of course, are the aforementioned Ryzen 7 1700X and Ryzen 7 1800X, now both at only $320 and $450, respectively. Meanwhile, Intel will reportedly launch its Coffee Lake refresh in August of this year rather than waiting until January 2018.

isis-killer-beheading-video-story-top Louth shop ready for 10th Record Store Day
Apr 22, 2017 - 00:18
Hopefully we'll get some of them. "The guys in the store know a lot more about the new stuff than I do and I take their advice". Cade: It definitely impacts April, hugely. "We do very well that day and it certainly is a big part of our business".

Simon shows off hot-shot prowess in Monte Carlo
Apr 22, 2017 - 00:17
The Scot, handed a first-round bye, meets Albert Ramos-Vinolas next. "I m disappointed to lose from the position that I was in". The last two years, always when I serve, it's just a little bit sore.

isis-killer-beheading-video-story-top Rams provide a look at how they learned their schedule
Apr 22, 2017 - 00:15
The Cardinals play at home in Week 4 against the 49ers on October 1, followed by a road game in Philadelphia on October 8. The Rams will close the season on New Year's Eve against the 49ers, which the Rams lost both meetings last year.

That 'Armada' Heading To North Korea? Actually, It Sailed South
Apr 21, 2017 - 01:18
Meyer, to cancel scheduled port visits in Australia and instead operate in the "western Pacific " which includes Korea. US President Donald Trump talked up the military moves last Wednesday saying: "We are sending an armada".

isis-killer-beheading-video-story-top Pregnant Serena Williams Will Miss Tennis Season
Apr 21, 2017 - 01:17
The exciting news came when the hugely successful tennis player posted a photo on Snapchat with a message saying "20 weeks". The news that Serena Williams won the Australian Open final while eight weeks pregnant has sent the world into a frenzy.

isis-killer-beheading-video-story-top Supreme Court bans Jehovah's Witnesses in Russia
Apr 21, 2017 - 01:16
Petersburg headquarters and almost 400 chapters - will become state property, according to the Tass news agency. The religious grouping confirmed the ruling about its "liquidation" in Russian Federation .

isis-killer-beheading-video-story-top Japan records $5.64 bn trade surplus in March
Apr 21, 2017 - 01:15
KEEPING SCORE: Japan's Nikkei 225 index gained 0.4 percent to 18,511.52 and the Kospi in South Korea rose 0.5 percent to 2,148.33. Hong Kong's Hang Seng index climbed 0.4 percent to 23,921.39 and Australia's S&P ASX 200 advanced 0.3 percent to 5,818.70.

isis-killer-beheading-video-story-top French candidates boost security ahead of tense vote
Apr 20, 2017 - 01:57
Searches are also underway, Fekl said. "The behavior of people who are now planning not to vote is a major factor". While Le Pen had on previous occasions appeared next to the European Union flag, her attitude is not new.