3 Undervalued European Stocks

Emmanuel Macron winning the French Election brightens the outlook for European stocks. With a more positive forecast, we reveal three undervalued stocks in the region

Karen Kwok 9 May, 2017 | 10:38AM
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European stocks fell yesterday after Emmanuel Macron, an independent pro-European reformist, won France’s presidential election. Macron defeated his rival the far-right Front National candidate Marine Le Pen with 66% of the vote.

Prior to France’s presidential election on Sunday, Euronext 100, the blue chip index of the pan-European exchange, hit a nine year high on Friday. However, after the outcome of the election confirmed a Macron win, the index dropped 5.3% to 1039 points on Monday.

Macron’s win had been widely anticipated, with financial markets pricing in his victory. Stocks rallied when Macron clocked a first-round victory last month.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Roche Holding AG358.60 CHF0.00Rating
Telefonica SA3.91 EUR0.00Rating

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk