Macron Win Good for Stocks

Emmanuel Macron will be the next president of France, having defeated Marine Le Pen by a margin of just over 32 percentage points

Lombard Odier 8 May, 2017 | 11:55AM

Morningstar's "Perspectives" series features investment insights from third-party contributors. Here, Samy Chaar, Chief Economist at Lombard Odier explains why with the risk of a Front National surprise win now gone, investors should focus on the encouraging fundamentals of the Eurozone economy.

Emmanuel Macron has been elected president, scoring a decisive win in the second round of the French presidential elections with a margin of more than 30 points, receiving a total of 66% of votes cast against Marine Le Pen’s 34%. Approximately one-fourth of the electorate abstained from the vote, resulting in a participation rate of 75%, which is a low turnout by historical standards for French presidential elections.

Financial markets, reassured by the first-round result, had priced out most of the risk

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About Author

Lombard Odier  is one of the largest independent Swiss private banks, specialising in private asset management.

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