The Good News in France...
The Bad News...
It depends on the answer to these two questions:
How likely is it that the "socialist" François Hollande will actually justify the adjective and do something good for his country and Europe? Unlikely: he's a socialist in name only.
However, the Holy Markets already spoke: ASX is afraid, very afraid, which in cases like this, if irrational, is predictable:
"The Australian sharemarket took a heavy beating today, as fears the French and Greek election results could derail the collective response to the eurozone debt crisis sent spooked investors running for the exits.You know how it is: to mention the blasphemous S-word is like praying to God during the exorcism of young Regan MacNeil.
"The benchmark S&P/ASX200 index plunged 94.7 points, or 2.15 per cent, to 4301.3, posting its biggest loss since mid-December. The broader All Ordinaries index fell 97.8 points, or 2.2 per cent, to 4361.6." (See here)