>> Emmanuel Macron supporters not the only ones celebrating Monday. European equity markets soaring the day after the French presidential candidate won the first round of the election. Shares opening sharply higher, and the Euro briefly vaulting to five month peaks. I'm Reuters' reporter Kira Lee here in London where investors are breathing a sigh of relief.
They believe Frexit is now an unlikely possibility, but could they be celebrating too soon? Sterling fell sharply against the Euro with investors piling back into the European currency. Pro-EU centrist Macron, seemingly the market's favored candidate. And now he's expected to beat right wing rival Marine Le Pen in the deciding vote in a fortnight, easing concerns over her desire to pull Paris out of the EU.
France's benchmark CAC 40 index up almost 4% and bank stocks gaining more than 6%. That after Asia led the way higher earlier, Japan's Nikkei share average touching a three-week high, and so-called safe haven trades were unwound. Gold, government bonds, and the yen all taking a tumble as the appetite for riskier assets crept back in.
Now investors will be hoping they didn't get ahead of themselves when France returns to the polls on the 7th of May.