French election results soothe investor fears
Investors breathed a sigh of relief following the first-place showing of centrist and pro-European Union candidate Emmanuel Macron in the first round of France's presidential elections Sunday, sending the Euro to a five-month high relative to the dollar. Populist Marine Le Pen ranked second in the voting.
Why it matters: The results make it more likely that Macron will be France's next president, keeping France in the EU. That should have a positive impact on both French stocks and the U.S. economy.