020 7898 0500The main focus in Europe right now is the upcoming French election on Sunday. The election is likely to consist of two rounds.
If a candidate obtains 50% of the votes or more in the first round, there’s no requirement for an additional round. If that doesn’t happen, then the top two candidates from the first round go through to the second round.
Polls suggest that the first round will be really tight. Right now, the forecast is Macron 23%, Le Pen 22%, Fillon 20% and Melenchon 19%. It’s also been reported that more than a third of voters still don’t know which way to vote.
Today second-tier consumer confidence data will be released. Tomorrow sees the release of the purchasing managers’ index for both the manufacturing and service sectors.
