Volatility Is Only Certainty for Traders Parsing French Results
- Marine Le Pen’s National Rally wins first round of voting
- France’s stocks and the euro rebounded, bond spread tightened
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Traders are preparing for another volatile week in French markets, with focus on politicians’ strategies to curb the advance of Marine Le Pen’s party in the second round of voting on Sunday.
France’s assets rebounded on Monday after the National Rally won the first round of the nation’s legislative election by a smaller than expected margin. But gains pared later as investors said uncertainty remains about whether the far-right party will secure an absolute majority that could enable and embolden its anti-immigration and euro-skeptic agenda.