Economic news

Presidential debates in France lifted euro to 6-week highs

The euro rises to 6-week high and the mood toward the French assets were raised on Tuesday after the speech of Emmanuel Macron in a television debate that will help him to grow the chances of winning in the presidential race over far-right's Marine Le Pen.

The dollar was also restrained by doubts about how fast U.S. interest rates will rise. Oil prices rose due to the talk that OPEC may extend the agreement.

European stock markets has strengthened significantly .FTEU3, with the exception of the London's index .FTSE which became weak after stronger-than-expected British inflation data that enhanced the value of the pound.

U.S. stock indexes futures traded higher ESc11YMc1, pointing to a positive start on Wall Street ahead of the speech, a number of representatives of Federal Reserve. In Asia, MSCI index of Asia-Pacific shares outside Japan .MIAPJ0000PUS hit 21-month highs, supported by signs of strong global growth.

Active presidential campaign in France has always been in the focus of investors who were worried about people's reaction after last year's surprise referendum in the U.K. and votes for Brexit, and the recent Trump's victory in U.S. elections.

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  • avatar-2193
    LuKe OwEns
    • #

    It's natural that the Macron will win presidential elections 'cause he has all the necessary characteristics for being a good president.

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