# French Markets Surge as Euro Withstands Attack From the Right - The New York Times

> 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.

- Date: 2017-04-24 · published 2017-04-24T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude low
- Page: https://feedsoft.ai/events/9726-french-markets-surge-as-euro-withstands-attack-from-the-right-the-new-york-times
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

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.

## 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 | The euro rose nearly 2% intraday and French-German yield spreads narrowed, indicating reduced breakup risk and sentiment-driven euro buying. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-03-09 | [Euro surges as oil prices ease and investors embrace risk](https://feedsoft.ai/events/9523-euro-surges-as-oil-prices-ease-and-investors-embrace-risk.md) | +0.9% | +0.4% |
| 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 | 2017-04-23 | [French elections: Wall Street joins European relief rally - BBC News](https://feedsoft.ai/events/9725-french-elections-wall-street-joins-european-relief-rally-bbc-news.md) | +1.9% | +4.6% |
| EURUSD | 2022-03-11 | [Euro rises as Putin sees 'positive shifts' in talks](https://feedsoft.ai/events/9529-euro-rises-as-putin-sees-positive-shifts-in-talks.md) | +0.9% | -1.0% |

## Sources

- nytimes.com: https://www.nytimes.com/2017/04/24/business/euro-france-election-le-pen-macron.html

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