After the 1st round of French Presidential Election, Euro has touched higher price against US dollar. The sign of more stable political environment makes investors to invest on European stocks as well as Euro currency.
The first round result shows considerably higher chance on presidency of Emmanuel Macron against Marine Le Pen. This outcome makes investors confident for the bullish trend on European stocks as political risk diminishes. The 2016 US Presidential Election result along side of Brexit result sharp fall of Euro against USD that caused bearish trends on European stocks.
The forecasts from professional financial analysts support more rising trend since some believe the French Presidential Election is the first step towards positive prospect of European financial.
The probable early election of Italy may be another support for European stocks and Euro to attract more investors. Although some believe that Italy may exit the European Union, however the result of French Presidential Election shows that European citizens become more interested to save the Union rather than to exit from it.