Macron vs Le Pen: What either victory means for global markets

SINGAPORE (April 27): Given the disparate political views and economic agendas of French presidential candidates Emmanuel Macron and Marine Le Pen, VP Bank believes the behaviour of financial markets in response to either victory, after the upcoming return bout on May 7, is likely to be correspondingly divergent.

“The political chasm between the two French presidential candidates could hardly be wider: Emmanuel Macron stands for pro-EU, laissez-faire policies; Marine Le Pen for almost the exact opposite,” write chief economist Thomas Gitzel and Rolf Kuster, senior investment strategist, in a report dated Monday.

“The political chasm between the two French presidential candidates could hardly be wider: Emmanuel Macron stands for pro-EU, laissez-faire policies; Marine Le Pen for almost the exact opposite,” they observe.

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