1/7/2024, 3:46:03 pm

French shares up 2.8% as far right party takes lead in Round 1 of election

The European market surged early Monday, with Paris' CAC 40 up 2.8% and Germany's DAX climbing 0.9%, as the euro rose to $1.0770 after France's far-right National Rally gained a strong lead in legislative elections. The euro's gain was likely due to relief over the far-right parties not gaining more votes than expected. In Asia, Japan's Nikkei 225 added 0.1%.