Monday 8 May 2017

Asian shares show relief over French moderate Emmanuel Macron's win

 Asian shares show relief over French moderate Emmanuel Macron's win

RESEARCH BHASKAR :-

Asian shares rose Monday after Emmanuel Macron, a centrist would-be reformer and supporter of the European Union, won the French presidential election.

Japan's benchmark Nikkei 225 added 1.6 per cent in the morning session to 19,763.25, reflecting investor relief over the outcome.

The euro, shared by France and 18 other countries, was trading at $1.0966. It had edged up 0.1 per cent to $1.1013 in late Sunday trading in Europe. The dollar was trading at 112.81 yen, up slightly from 112.59 yen late Friday in Asia. 
RESEARCH BHASKAR
 Other Asian stock markets were also higher, cheered by the results.

South Korea's Kospi added nearly 0.6 per cent to 2,253.90. Australia's S&P/ASX 200 gained 0.6 per cent to 5,872.60.

France's CAC 40 index had risen last week to its highest since early 2008 _ before the worst of the global financial crisis _ in anticipation of the result.  

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