Global Markets Surge as Macron lead reduces uncertainty in the EU

Following Macron’s lead against Le Pen in the first round of the French Election, European equities saw a surge in value as the CAC40 climbed by more than 4 percent. A Le Pen loss translates to reduced possibility of another Brexit-like shock to the markets. This was reflected in the market as the interest rates on 10-year German and French sovereign bonds fell by 50 basis points.

The EU currency also experienced marginal appreciation.

Link: http://www.reuters.com/article/us-global-markets-idUSKBN17P10G

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The Caribbean Association of Banks, Inc. is the representative body and recognized voice for banks and other financial institutions in the Caribbean. We seek to influence policies and legislation which impact the sector by advocating on our members’ behalf and participating in the global network of similar institutions.

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