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What Macron’s Win In France Means For Emerging Markets And India

What Macron’s Win In France Means For Emerging Markets And India

As result of France’s presidential election has already been announced and Emmanuel Macron won the election defeating Le Pen. Emmanuel Macron is the youngest president in the history of France. As market was expecting the same and the positive rally was already in cashed that’s why market has not reacted unexpectedly after the results. If Le Pen would had won then definitely a sell off rally was expected.

Macron has sounded pro-business, consistently talking about labour and tax reforms as well as infrastructure spending. The equity markets love these terms. All French and EU focused businesses are likely to benefit, and there may well be a bit of an up-move in European equities in the first half of the week.

 Investors in emerging markets like India would be happy that the EU markets are now unlikely to see some vicious sell-off. This puts the focus back on domestic factors and the local triggers.
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