A victory for one of those candidates would have followed the path set by last year’s "Brexit" vote by Britain to exit the European Union
and the U. S. election of President Donald Trump as a kick in the face to the globalist, free-trade worldview.
U. S. stocks joined a worldwide surge higher Monday after the first round of France’s
presidential election raised expectations that the European Union will hold together.
Natural gas fell 3.5 cents to $3.07 per 1,000 cubic feet, heating oil fell a penny to $1.54 per gallon
and wholesale gasoline dropped 2 cents to $1.62 a gallon.
Le Pen is one of the candidates who campaigned against the European Union, but many investors expect Macron ultimately to be victorious.
In the commodities market, benchmark U. S. crude oil fell 39 cents to settle at $49.23 per barrel.
Luca Paolini said that It’s good news, and now investors have a reason to focus on the fundamentals in Europe, which are strong,