The strong showing of centrist candidate Emmanuel Macron in the first round of the French Presidential voting, paired with positive earnings reports in the U.S., have global equity markets at or near record levels. And momentum is growing to push them even higher.
The vote results even have the struggling Euro breaking to levels not seen since November 2016. The market strength is worldwide, with indices in both Canada and the U.S. moving higher, as NASDAQ set a new all-time record high early Tuesday morning.
Even the Japanese Nikkei index moved to a three-week high on the news as Eurozone shares edged up again this morning after their big day Monday. With risk on for traders, gold prices have retreated as investors head back to equity markets with a newfound confidence, at least for the time being.