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French Election Result Boosts European Stocks

Centrist Emmanuel Macron wins first round of the French Presidential election with 23.75% of the vote, topping Marine Le Pen's 21.35%

French stocks surged more than 200 points at the start of trading Monday, the most in nearly two years, while equities around Europe posted significant early gains after the first round of the country's presidential elections put centrist Emmanuel Macron in the driver's seat to enter the Elysee Palace.

The CAC-40 posted an early 206 point gain, or 4.05%, in the opening minutes of trading in Paris as traders repriced stocks on the benchmark in the wake of Macron's win and early polls indicating the 39-year old former investment banker holds a 20-point lead over far-right rival Marine Le Pen heading into the second round runoff on May 7.

READ MORE: French Stocks Surge, European Equities Rally Firmly After Macron Election Win

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