Tuesday, 18 December, 2018

Wall Street rallies after French election

Orlando Vargas | 25 April, 2017, 13:04

Choosing from inside the system is no longer an option, as voters rejected the two mainstream parties that have alternated power for decades in favour of Ms Le Pen and the untested Mr Macron, who has never held elected office and who founded his own political movement just a year ago.

France's CAC 40 added 3.9 percent in early trading to 5,255.62.

Macron's good looks, profound understanding of the economy, social media skills and unassuming style have helped his campaign despite the fact that no independent candidate has been elected president in France in decades.

That these two candidates advanced to the second round is first and foremost a victory for those who want to "dynamite" the political status quo.

Macron came in first place in Sunday's vote, with Marine Le Pen in a close second.

He said the far-right would "deeply divide France" at a time when the terror threat requires solidarity and cohesion.

"We should not underestimate the capacity of resistance of other groups within societies, which are supporting more moderate parties", said Alain Dieckhoff, head of the Center for International Research at Sciences Po.

French far-right leader Marine Le Pen yesterday accused Emmanuel Macron, her inexperienced opponent in next month's runoff for the presidency, of being weak in the face of Islamist terrorism.

Macron has some good ideas, but there is zero evidence that a candidate without a strong party backing him, who attracted less than a quarter of the vote in a contest with a Communist nut-job, a seemingly corrupt establishmentarian, and a rightwing extremist, can impose the kinds of changes on the French that they have been fighting for years.

Stockholm truck attack suspect 'confessed to terrorist crime'
She said tens of thousands of people also gathered at the site of the attack Sunday afternoon to pay their respects. A woman places down a candles in front of the department store Ahlens in Stockholm, Sweden, Sunday, April 9, 2017 .


Rafa Nadal confirms his King of Clay title in Monte-Carlo
He broke in the third game, held for 3-1, but then the drama began. "I receive huge support from the crowd all around the world". It seemed evident that the ball landed out, but Mourier overruled and called it in, meaning the point had to be replayed.


Saudi oil minister says production cuts may need to continue
That would leave the group, which must decide in May whether to extend its pact for another six months, well short of its goal. Brent for June settlement slipped 21 cents to $52.78 a barrel on the London-based ICE Futures Europe exchange.


This election is widely seen as a litmus test for the populist wave, which a year ago prompted the United Kingdom to vote to leave the European Union and led to Donald Trump being elected U.S. president.

National Front has made considerable electoral gains since Le Pen became its leader in 2011, succeeding her father, Jean-Marie Le Pen, a Holocaust revisionist and openly anti-Semitic nationalist. Risk metrics may continue to remain relatively elevated before the final vote after traders got it wrong going into the Brexit referendum and US elections a year ago. These results practically guarantee his being elected as the country's new President in the second round in two weeks time.

Another way to put it is that Europe has escaped the drama of rapid catastrophe in favor of clinging to the slow decline of the status quo toward failure.

"The voters who voted for Mr. Melenchon are angry voters".

For Americans, Duhamel said it would have been the equivalent of Ross Perot beating then-incumbent U.S. President George H.W. Bush and Democratic nominee Bill Clinton in the 1992 election.

Choosing from inside the system is no longer an option.

A daily rolling poll released by OpinionWay on Monday said the candidate of the newly created On the Move party would defeat Le Pen by 61% to 39%.

Hitting that angle in Rouvroy, Le Pen, after urging "all patriots" on Sunday to rally behind her, on Monday handed out leaflets in which she pledged to "eradicate Islamist terrorism" and expel "Islamist foreigners". And, just as in post-Brexit Britain, her hostility to the European Union could jeopardise research funding.

Kalifat said he was "worried to see National Front making it to the main event of French democracy", but "satisfied to see a republican in the lead" - a term which means a person who is attached to the French nation's founding values. Many commentators expect the same fate for his daughter, but she has already drawn far more support than he ever did and she has transformed the party's once-pariah image. She does not support France's movement against gay marriage, is not literal in her interpretation of Catholicism and has furiously defended women's right to abortion.

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