Euro and European stocks buoyed by politics
European markets fell in response to yesterday's pullback on Wall Street, but turned around on news that French centrist presidential candidate Emmanuel Macron was gaining in the polls.
For the first time, French centrist presidential candidate Emmanuel Macron polled higher than National Front leader Marine Le Pen for the April first round of France’s upcoming election. The right-wing candidate Francois Fillon is floundering over allegations that he paid his family more than EUR 1 million for phony jobs, and Fillon voters are going to Macron. A unified center-right probably would beat Le Pen and keep the European status quo. European markets turned around on the survey news after falling in response to yesterday’s pullback on Wall Street.