French markets rise after first round of snap elections

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National Rally,Snap Election,Akiko Fujita

French equity markets (^FCHI, ^SBF120) are ticking higher after the far-right National Rally party won the first round of the country's snap elections but...

They're ticking higher here this after the far right, winning the first round of the country's snap elections but failing to secure an absolute majority, which eased investors concerns about an outright victory to discuss.All you good morning to you, Brad.

Now, turning to caution with that second round of these parliamentary elections coming up this coming Sunday, President Emmanuel Macron called snap elections last month, saying France needed, in his words, a moment of political clarification. For investors, there are serious concerns that a government led by the far right or the left would lead to more spending in the way of fiscal policy, adding to a growing budget deficit.Now we have seen the euro edge slightly higher, although it is still weaker than where it was before.Right now, a hung parliament that would not necessarily lead to significant policy accomplishments, but pretty much the status quo.

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