The euphoria in the markets

Practically all stock exchanges of the world reacted on the results of the first round of the French presidential elections by the growth of its indexes.

26.Apr.17 6:17 AM
By Christina Orlina
Photo Toinnov.com

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Practically all stock exchanges of the world reacted on the results of the first round of the French presidential elections by the growth of its indexes.

The highest growth was registered on the Paris stock exchange, whose index on the day grew by 4.14% and in Milan, where the index rose more than by 4.77%. The DAX index of the Frankfurt stock exchange increased increased almost by 3.5% and the RTS index of the Moscow exchange by almost 3%. Trading on the US exchanges also opened on Monday a significant increase in major indexes. But experts urge investors not to make hasty conclusions yet and wait for the results of the second round.

Oliver Roth, Oddo Seydler Bank: “Markets have shown that theT have little resemblance to the bastions of sanity when it comes to predicting the future. We saw that after the victory of Trump and Brexit. So I urge to the caution, because left-liberal Macron, candidate of the conservative camp, has not yet won the presidency.”At the end of the day, the euro rose against the dollar by 1.16%, approaching the value six months ago.

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