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Europe Markets: French stocks end at 2-year high after vote eases ‘Frexit’ fears

French stocks finished sharply higher on Monday after centrist Emmanuel Macron’s strong showing in the first round of voting in the France’s presidential election, neutralizing fears that two anti-European Union candidates would make the final runoff.

The CAC 40 index PX1, +4.14% climbed 4.1% to end at 5,268.85, nabbing its biggest one-day percentage gain since August 2012.

The French benchmark also achieved its highest close since April 2015, according to FactSet data. It had been en route to finish at a nine-year high, but then gave up a little ground.

See:France ETF has biggest one-day pop since 2012 on election relief

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