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Features11.08.2017

The Euro shares rally and French reform

John Redwood, Charles Stanley’s Chief Global Strategist, asks whether political change will continue to drive markets higher.

The Eurostox index reached depressed December levels last year when many market participants feared that an anti-euro government might be elected in the Netherlands or France. It rallied to a high in May of this year, putting on around 20%. Markets anticipated the French election result and relaxed about the immediate prospects for the Euro. Since then the index has fallen back a little to 3468. It remains below its April 2015 high of over 3800.

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