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French election result gives markets a start-of-week lift

April 24, 2017 12:22 PM
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LONDON — European stock markets and the euro ratcheted higher Monday, particularly in France, after the first round of the country’s presidential election saw centrist Emmanuel Macron emerge on top — stoking hopes that he will defeat far-right Marine Le Pen in the run-off in two weeks’ time.

KEEPING SCORE: France’s CAC 40 spiked 4.6 percent to nine-year highs of 5,290, while Germany’s DAX advanced 3.2 percent to 12,427. The FTSE 100 index of leading British shares was 1.9 percent higher at 7,247. U.S. stocks were poised for solid gains at the open, with Dow futures and the broader S&P 5...

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