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French stocks surged to a nine-year high as relief spread after the election. The euro rose nearly 2 percent against the dollar before giving back some gains, and the spread between French and German bond yields narrowed.
Narrower French bond spreads and a firmer euro signal reduced political risk in the euro zone. This affects currency and financing conditions more than feed commodity supply or demand.
nytimes.comApr 24, 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.
The euro rose nearly 2% intraday and French-German yield spreads narrowed, indicating reduced breakup risk and sentiment-driven euro buying.
