Portfolio managers and other wealth managers are, like all French people, waiting.
Who will win on the evening of the second round of the presidential election?
For the financial markets, the situation will not be at all the same if it is Emmanuel Macron who is elected on April 24 - which would ensure a certain continuity which investors love - or Marine Le Pen, whose economic program worries.
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Read alsoEmmanuel Macron-Marine Le Pen: the match of economic projects
Admittedly, the CAC 40, the flagship index of the Paris Stock Exchange, is keeping morale up for the moment.
First, because the scenario that the markets feared the most – a match of extremes between Jean-Luc Mélenchon and Marine Le Pen – was ruled out.
Then because Emmanuel Macron, whose program is considered more orthodox economically and politically, achieved a higher score than expected.
So today, the financial markets are, rightly or wrongly, betting on the re-election of the outgoing candidate.
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Since the results of the first round of the election…
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