As expected Francois Hollande won the first round of the French elections. He and Nicolas Sarkozy will run against each other in the second round, which will occur on May 6th.
The Euro isn’t taking this news well. As I write this Sunday night the Euro currency futures have gapped down. I’ve added this move to the chart below.
130 remains the line in the sand for the Euro.
1. EURO, MARKETS DOWN AFTER ELECTIONS IN FRANCE AND GREECE The euro and markets have tumbled following game-changing elections in Europe. Socialist Francois Hollande beat incumbent Nicolas Sarkozy in the French presidential run-off;... Read Post
French President Nicolas Sarkozy is on the ropes after finishing behind Socialist challenger Francois Hollande in the first round of France's presidential election. Both candidates returned to the campaign trail on Monday after the ... Read Post