Centrist Emmanuel Macron has won the French presidential election, leading Marine Le Pen with 65.5% of the votes, against 34.5% for Marine Le Pen, according to early exit-polling estimates from Kantar-Sofres, MarketWatch reports.

If projections hold true, the victory for the 39-year-old Macron—a staunch supporter of the European Union—makes him the youngest president of the French republic, and is likely to placate anxious global market investors, who have fretted for weeks that far-right candidate Le Pen would win and make good on promises to take France out of the EU, potentially unsettling the eurozone and world markets.