Emmanuel Macron Declared French President In Early Vote Counts

Emmanuel Macron delivers a speech in front of the Louvre Museum in Paris after his election victory that has been cheered by investorsMore

Emmanuel Macron delivers a speech in front of the Louvre Museum in Paris after his election victory that has been cheered by investorsMore

Reflecting on Macron's victory over far-right leader Marine Le Pen in the presidential runoff on Sunday, Valls said it was a blow to populism in Europe that gave a "terrific" image of France overseas. What seemed impossible at the beginning of the presidential campaign some six months ago has become a reality, with an independent president who owes nothing to nobody.

The movement will be renamed as "La Republique En Marche" on July 15.

Valls, a center-leaning politician in favor of relaxing labor protections, had already thrown his support behind Macron before the presidential election after losing to Benoit Hamon in the Socialist primary. When he left, none of his colleagues joined him.

CURRENCIES: The euro had been climbing against the dollar in recent weeks as expectations built for a Macron victory.

His sober brand of politics, youthful looks and the implosion of competitor Francois Fillon's campaign have seen him rise to about 27 percent in the polls - enough to secure him a place in the second round.

"With markets having rallied throughout last week in expectation of a Macron win, there was little upside left for equities and the euro", said Chris Beauchamp, chief market analyst at IG.

Recently, he even declared that one of his first moves if and when he entered the Elysee Palace would be preparing a law on political ethics and morality.

The clear bias in favor of Macron in the markets over the far-right candidate Le Pen rests on a number of factors, above all related to his views on Europe.

Le Pen said she won 11 million votes, which would be her party's highest-ever electoral score. Macron, 39, is an avowed internationalist who speaks fluent English and envisions a France deeply integrated with Europe and open to the world.

Ms Le Pen said that in spite of her loss, the "historic and massive" results had transformed her party into "the leading opposition force against the new president's plans".

French polling agencies revealed the centrist candidate triumphed over the far-right's Marine Le Pen, who is forecast to have gained a 35% share.

The National Front leader called Mr Macron to concede defeat and congratulate him on his victory just minutes after the result came in.

France's new President-elect, Emmanuel Macron, walked out to address supporters in Paris not to his country's national anthem but to that of the European Union.

In Brussels, Macron's win was met with a sigh of relief, as European Union leaders have watched several elections in the past year as litmus tests of the strength of their 28-member bloc.

Violent protests, anger, egg-throwing and heckling against the president-elect and his defeated, far-right rival Marine Le Pen disrupted their campaigns, which espoused two starkly opposed visions for the country. But the truth is that Macron's victory is written in his name only - for better or for worse.

But he needs to perform well in legislative elections to enact his policies. Since the establishment of the Fifth Republic in France in 1958, there have been three periods of cohabitation, most recently between 1997 and 2002 when President Jacques Chirac from the center-right had to govern alongside a Socialist prime minister as the Socialist Party had control of parliament.

Before he announced his candidacy for president his team, inspired by the Obama campaign in the United States in 2008, carried out a survey of thousands of French citizens to hear what policies they wanted from their politicians.

Relevant to your professional network?

Recommended News

  • Advanced Micro Devices, Inc. (NASDAQ:AMD), TJX Companies Inc (NYSE:TJX)

    This is the price at which the trader or investor wants to exit his existing position so he can realize the most reward. The business had revenue of $984 million for the quarter, compared to analysts' expectations of $984.40 million.

    RIP Roger Ailes, Fox News founder and ex-CEO

    Elizabeth Ailes described him as "a loyal friend to many" in her statement on his death. Moving from politics to media full time, Ailes was named president of CNBC in 1993.
    Ronald Koeman not confident about Ross Barkley future

    Ronald Koeman not confident about Ross Barkley future

    He knows he can improve in several aspects, to keep the ball better, be stronger and do better pressing. If we can do our business this summer, the team will be really strong for the next season.
  • 'Baahubali 2' becomes first Indian movie to enter 1500-crore club

    'Baahubali 2' becomes first Indian movie to enter 1500-crore club

    The film has achieved this feat in less than 3 weeks and that too without the support of collections from China. Karan Johar shared, "The BIGGEST box office success story! The worldwide mania continues", he wrote.
    Where to Shop Emily Ratajkowski's Cannes Film Festival Shoes

    Where to Shop Emily Ratajkowski's Cannes Film Festival Shoes

    The Cannes Film Festival jury is usually a mishmash of high-profile actors and directors; the 70th edition is no exception. Johnny Depp's daughter, the 17-year-old actress and model Lily-Rose Depp, appeared in a white dress with gold trimmings.
    Fantasy Franchise The Witcher Heading to Netflix as a New Series

    Fantasy Franchise The Witcher Heading to Netflix as a New Series

    Netflix vice president, Eric Barmack, thinks that Sapkowski "has created a rich and memorable world , at once magical and familiar".
  • US likely to expand airline laptop ban to Europe

    US likely to expand airline laptop ban to Europe

    It said that carrying a large number of lithium batteries in the cargo compartment increases the risk of an accidental fire. Kennedy International Airport in NY in this December 11, 2013 file picture. "This included discussing threats to aviation ".
    HUDCO makes stellar market debut, shares surge over 22%

    HUDCO makes stellar market debut, shares surge over 22%

    The Rs 1200 crore IPO received bids worth Rs 97,000 crore which is the highest over-subscription till date for any PSU divestment. IDBI Capital Markets, SBI Capital Markets, Nomura and ICICI Securities were the book running lead managers to the issue.
    Brazil's Temer: 'I won't resign' amid corruption allegations

    Brazil's Temer: 'I won't resign' amid corruption allegations

    At the same time, a massive corruption scandal involving the state oil company Petrobras was unfolding. The statement from Temer's office confirmed that the president did meet with Batista in March.
  • Amid anger at home, Pakistan moves ICJ over Jadhav

    Pakistan alleged the former Indian Navy officer was involved in spying and terror activities in Balochistan. Pakistan may request for the hearing in case the court does not announce the date, he concluded.

    Suspect in deadly Times Square mayhem charged with murder

    There was "no indication" it was an act of terrorism, Mayor Bill de Blasio told a news conference at the scene . The area was packed with New Yorkers and tourists enjoying unseasonably warm temperatures at lunch hour.
    What time, channel is Preakness Stakes on Saturday? Post time, TV, livestream

    What time, channel is Preakness Stakes on Saturday? Post time, TV, livestream

    Never one to ignore lessons learned, Pletcher is using his experience with Super Saver to guide Always Dreaming's preparation. Velazquez deftly got outside of pacesetter State of Honor in the Derby, turning into the backstretch to be in the clear.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.