Volatile French Markets Attempt to Digest Le Pen’s Reassurances
- Stock benchmark bounces, bonds edge lower amid uncertainty
- Le Pen said she won’t try to push out Macron if she wins vote
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French stocks gained and bonds posted small moves as traders weighed assurances from far-right leader Marine Le Pen that she’d work with President Emmanuel Macron should she prevail in national elections.
France’s CAC 40 benchmark advanced 0.9% as of 5:04 p.m. in Paris. The main European stock measure swung between gains and losses as Citigroup Inc. downgraded the region’s equities, citing “heightened political risks” among other reasons. Yields on French government bonds rose again on Monday, while the spread over their German peers remained broadly steady.