# French elections: Wall Street joins European relief rally - BBC News

> 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.

- Date: 2017-04-23 · published 2017-04-23T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude low
- Page: https://feedsoft.ai/events/9725-french-elections-wall-street-joins-european-relief-rally-bbc-news
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

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.

## Read by commodity

- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2017-04-24 | 1 | +1.4% | 3.5 | 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. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-04-24 | [French election relief sends Europe soaring](https://feedsoft.ai/events/9724-french-election-relief-sends-europe-soaring.md) | +1.9% | +4.6% |
| EURUSD | 2017-04-24 | [French election spurs equity market, euro rally](https://feedsoft.ai/events/9728-french-election-spurs-equity-market-euro-rally.md) | +1.9% | +4.6% |
| EURUSD | 2017-04-24 | [French Markets Surge as Euro Withstands Attack From the Right - The New York Times](https://feedsoft.ai/events/9726-french-markets-surge-as-euro-withstands-attack-from-the-right-the-new-york-times.md) | +1.9% | +4.6% |
| EURUSD | 2017-04-25 | [Continued Macron relief rally helps boost EUR USD to extended 5 month high](https://feedsoft.ai/events/9730-continued-macron-relief-rally-helps-boost-eur-usd-to-extended-5-month-high.md) | +0.6% | +3.6% |
| EURUSD | 2017-08-29 | [N.Korea missile and strong euro sink European stocks](https://feedsoft.ai/events/69667-n-korea-missile-and-strong-euro-sink-european-stocks.md) | -0.5% | -1.7% |

## Sources

- bbc.com: https://www.bbc.com/news/business-39688501

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.