Macron rally not over yet

Emmanuel Macron is on a roll, says Matthew Partride, who looks at the best way to place your bets.

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Markets got a boost from Emmanuel Macron's first-round victory
(Image credit: 2017 Aurelien Meunier)

Emmanuel Macron's emphatic victory in the first round of the French election has given markets a big shot in the arm. The euro has surged to $1.09, its highest level against the dollar since November, and has also done well against sterling. Macron has also lit a fire under French stocks. The CAC-40 has risen to 5,288 more than 3% higher than the level at which we suggested you should buy into it. Indeed, if you had taken this page's advice to buy at £3 per point you would be £567 in profit.

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri