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Macron, Le Pen result in French election lifts euro, U.S. futures

Published 04/23/2017, 07:24 PM
Updated 04/23/2017, 07:26 PM
© Reuters.  Asia set to open mixed

Investing.com - Asian markets looked mixed ahead of the open on Monday with centrist Emmanuel Macron took a big step towards the French presidency on Sunday by winning the first round of voting and qualifying for a May 7 runoff alongside far-right leader Marine Le Pen.

EUR/USD traded at 1.0884, after hitting a five-month high of close to $1.0935 against the dollar.

"Euro/dollar has gapped much higher because we do not have the worst case scenario for the market. We may knock the level of $1.10 or possibly even $1.11 but this trade may fade as Le Pen is still there. This is going to keep traders on the sidelines," ThinkMarkets' Chief Market Analyst Naeem Aslam said in a note.

Nikkei futures in Chicago traded 2.25% higher In Australia, S&P/ASX 200 futures were off by 0.28%..

In the U.S., stock futures opened sharply higher, with Dow futures soaring nearly 200 points as early projections of the election results were released. S&P and Nasdaq futures were both higher by around 1%.

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