- The consensus awaits the triumph of Macron or Le Pen in the first round, which would be imposed with little advantage to its most direct opponent
The european markets are backy after being closed since last Thursday, and do so with increases (Ibex: + 0.4%, 10,362 points). Wall Street was open on Monday and ended the day with significant revaluations of 0.9% on average. European investors face the first day of a key week for the future of Europe, as Sunday marks the first round of the French elections.
- 19.542,300
- 1,01%
Markets say goodbye to holiday mode and return to normal, although normality will be distorted by the caution of investors before what can happen this Sunday, April 23. The consensus is for a triumph of Emmanuel Macro or Marine Le Pen in this first round of the French presidential elections.The victory of one or another would be, according to experts, with very little advantage over his most direct opponent.
The worst possible scenario: that Le Pen obtains between 35% and 40% of the support in the first round (it is expected to be 20%) or that it is finally her and the left-wing candidate, Mélenchon, who Impose this Sunday, since they are the two worst options, both for Europe (for its 'anti-European' ideas) and for markets.
In the other point, the week will have very few macro references but, from the micro point of view, it should be noted that the publication of results continues. Last week, it started the season with figures from JP Morgan, Wells Fargo and Citigroup, and this week it will continue to publish results, especially on the other side of the Atlantic, but also in Europe. Today Tuesday they announce their figures LÓreal and Casino Group. In addition, Goldman Sachs, Bank of America and IBM will do the same.
