# French election spurs equity market, euro rally

> Global equities rose on Monday after the first round of the French election, lifting MSCI's world index to a record. The euro briefly reached a five-month high against the dollar, and the STOXX 50 and CAC 40 posted their biggest gains in years.

- Date: 2017-04-24 · published 2017-04-24T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude low
- Page: https://feedsoft.ai/events/9728-french-election-spurs-equity-market-euro-rally
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

The vote result eased fears of a French exit from the EU, supporting the euro and equity risk appetite. Feed commodities are not directly affected by this move.

## 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 | A global risk-on rally and the euro reaching a five-month high show the election outcome driving euro demand on the day. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 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 | 2017-04-24 | [France's Macron and Le Pen head for runoff in second round of presidential election](https://feedsoft.ai/events/9727-france-s-macron-and-le-pen-head-for-runoff-in-second-round-of-presidential.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% |

## Sources

- business-standard.com: https://www.business-standard.com/article/reuters/french-election-spurs-equity-market-euro-rally-117042500071_1.html

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