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France Market Review - April 2017

Nikolay Nikolov, 19 May 2017

The Cac 40, the French benchmark, closed at 5,287 points on April 26, its highest level since 2008, after the first round of the French presidential election affirmed Emmanuel Macron as the largely anticipated winner for the second round. The outcome of the elections, which Macron indeed did win, had a positive effect on the banking sector which recorded a strong value increase that neared 10% at most of France’s biggest banks, according to market data.

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