from the FTA in London has the latest on
markets that knowledge you can hear is
the sigh of relief coming from trading
floors at news that Emmanuel macron has
won decisively in his French
presidential battle with marine lepen
the euro rushed higher after the
far-right candidate the proponents of
return to the franc and a referendum on
EU membership had lost fought the rally
quickly reversed and French stocks are
of anything a little lower government
bonds are also going nowhere what's
going on well for once the market saw
this coming after the final presidential
debate they threw their weight behind
the notion that Mac Hong was the man
helping French stocks to rally by some
6% in two weeks to a nine and a half
year high while the euro on Friday hit
its highest point since November the gap
between French and German bond yields
had also contracted investors remain
positive that the result clears some big
hurdles out of the way for investing in
the eurozone but for now it's a classic
case of buy the rumor sell the fact
meanwhile oil is a little steadier on
signs that OPEC production cuts could be
extended