Market Extra: Wall Street set to react as Macron, Le Pen to face off for French presidency

Results from the first round of the closely watched French presidential election on Sunday showed centrist candidate Emmanuel Macron and far-right Marine Le Pen advancing to the second and final round on May 7.

Macron, a 39-year-old former Rothschild banker and former deputy of staff to President François Holland in 2012, took about 23.9% of the vote and Le Pen took 21.4%, according to an official tally with 96% of ballots counted. Eleven candidates stood in the first round ballot, which had a turnout of 69.4%, reports said.

Read:4 things investors need to know about France’s presidential runoff

The vote is important because it is being viewed as a test of France’s political mainstream and a barometer of French voters’ desire to maintain its European Union membership.

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