Authored by Raul Ilargi Meijer via The Automatic Earth blog,
Something hit me this week. The maps which came out on Monday and detailed the outcome of the French elections, were telling a story, and a familiar one by now. A story of deep division. There are a number of such maps now depicting the Brexit vote in the UK, the US presidential elections, and its French counterpart.
Chaotic scenes broke out during a visit by French presidential frontrunner Emmanuel Macron to striking factory workers in his hometown of Amiens.
Macron was greeted Wednesday with jeers, boos and chants in favour of his far-right rival Marine Le Pen as he made a chaotic visit to the factory in northern France, after what Bloomberg said was "an ambush" by his nationalist rival Marine Le Pen forced him into a confrontation with some of her hardcore supporters.
Authored by Patrick Buchanan via Buchanan.org,
For the French establishment, Sunday’s presidential election came close to a near-death experience. As the Duke of Wellington said of Waterloo, it was a “damn near-run thing.”
Neither candidate of the two major parties that have ruled France since Charles De Gaulle even made it into the runoff, an astonishing repudiation of France’s national elite.
Marine Le Pen of the National Front ran second with 21.5 percent of the vote. Emmanuel Macron of the new party En Marche! won 23.8 percent.
LePen Euro Frexit Panic Over – "For Now"
by John Stepek, Editor of Money Week
OK, drama’s over.
The French election has turned out pretty much exactly as expected.
After yesterday's violent gap up in stocks across the globe in response to the "expected" outcome from the French election, today the risk on sentiment has continued if to a lesser extent, with stocks in Europe, Asia all rising while S&P futures point to a higher open. Yen, gold decline, while the euro traded as high as 1.09 this morning before fading some gains; oil is up modestly.