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What investors need to know about France’s presidential runoff

Macron expected to defeat anti-euro Le Pen in May 7 showdown

Founder and Leader of the political movement 'En Marche !' and presidential candidate Emmanuel Macron addresses activists after the announcement of the French presidential Election results on April 23, 2017
Founder and Leader of the political movement 'En Marche !' and presidential candidate Emmanuel Macron addresses activists after the announcement of the French presidential Election results on April 23, 2017 Photo: Getty Images

The counting continues, but it looks clear that centrist Emmanuel Macron will face off against far-right National Front leader Marine Le Pen in a May 7 French presidential election runoff that could decide the fate of the European Union, MarketWatch reports.

Indeed, French voters face a stark choice. Le Pen has called for scrapping the euro and exiting the European Union — moves that would almost certainly be fatal to both the shared currency and the trading bloc. Macron is firmly committed to the European Union, where he says he wants to usher in a new era of cooperation with Germany, and is also the mirror image of Le Pen on other hot-button issues, including immigration.

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