The CAC 40 has open on a positive note for the European stock market in this week. The French index rose 0.35% on the start of operations after the heated presidential debate in France.
Euronext’s main index, CAC 40, held above the quote of 5,025 points after Euro stock market’s opening on rise. This major advance took place after the first debate which hosted the main candidates to the Presidency of France.
All the five candidates addressed different topics in their agendas. On a campaign marked by revelations, candidates’ agenda were left on a secondary role.
The latest polls published on the last few days showed Le Pen and Macron tied on vote intention with 26% for each candidate. Within one month of the elections, the Presidency candidates faced each other for the first time, and both rightwing and leftwing representatives have fiercely attacked the central-liberal and favorite candidate, Emmanuel Macron.
Le Pen and Macron repeatedly exchanged blows in a 3-hour long debate, which showcased the possible stand-off to be held seven weeks from now, on the second round of voting.
Le Pen, the anti-immigration and anti-Euro candidate, showed fearless dominance and strong proposals to ban immigration and set up a 35% tax on imported goods.
Macron, on the other hand, attacked his rival for the lack of ethics and for a lifetime presence in French politics. The rightwing candidate, Francois Fillon, sought to praise the candidate’s experience and skill in masking the change. He also warned Le Pen for introducing the country into an economic chaos with her plan to leave the Euro.
Macron rose up to expectations on the presidential debate for the first round of elections in France, by regularly stepping onto Le Pen’s toes when she talked, while Fillon defied Le Pen when discussing over families’ purchasing power.
Polls show that either Macron or Le Pen are backed by 25% of the electorates for the first round of the French presidency elections, followed closely by Fillon with 19% of voters.
Europe’s stock markets open last Tuesday on a rise after CAC 40 register a 0.35% increase, thus overcoming the 5,030-point barrier after the first presidential debate. Investors showed optimism by purchasing on the first period of trading and witnessing the best behavior for Paris’ index.
Societe Generale led the CAC 40’s company’s board with an increase of 1.62% followed by BNP Paribas with +1,42%. Veolia Environnement showed an increase of 1,26% and, lastly, Credit Agricole rose with 1,22%.