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A European stock rally after the French election spread to Wall Street, with the Nasdaq closing at a record high and the Dow and S&P 500 up about 1.1 percent. Europe's main markets rose at least 2 percent and the euro hit a five-month high as fears over the vote eased.
Easing political risk in France supports the euro and risk appetite, but the move is driven by equities and currencies rather than feed supply or demand. Feed buyers should see little direct price effect.
bbc.comApr 23, 2017After 18 past bullish geopolitics events, Euro (USD per EUR) moved a median +1.9% over 5 sessions (83% higher; middle half +0.9% to +2.0%), and +2.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
It describes the relief rally and the euro's five-month high, but it is dated 04-23 and mostly covers equities, so it is a weaker link to the one-day move.
