French stocks rallied on Monday after centrist Emmanuel Macron won the first round of voting in the French presidential election, easing fears that two anti-European Union candidates would be in the final runoff, MarketWatch reports.
The CAC 40 index climbed 3.7% to 5,247.45, setting it on track for its biggest one-day percentage gain since August 2015. If the French benchmark ends Monday at that level, it’ll mark the strongest close since April 2015, according to FactSet data.
