Equitas Capital Advisors, LLC, is a New Orleans company that provides a host of research and analytic solutions that offer clients tailored pathways to achieving financial goals. The Equitas Capital Advisors team maintains a close watch on market trends in areas that range from sovereign wealth funds to currency valuations.
As reported in Forbes, the recent election of Emmanuel Macron in France put wind in the sails of those holding positions in the Euro, French bonds, and European equities. Having a new president who is solidly pro-Euro and pro-EU has helped avoid what one London analyst called a “market nightmare scenario.”
The immediate effect of the Macron victory was that the EUR/USD exchange rate opened higher than the $1.05 level to which it had sunk and gained impetus over the following week to reach a rate of $1.12.
One word of caution is that, although the markets overall responded positively to the election results, the candidate who won, like his opponent, has no real experience governing and is thus expected to exert minimal control over deputies. Clouding the long-term picture further is the setback experienced by Theresa May in the UK and the uncertainties that have arisen as to whether a hard or soft Brexit will occur.