French stock markets, government bonds and the euro rallied on expectations of a French cross-party alliance to deny the far-right an overall majority in the second round of the election.
The euro rose on relief that the far-right National Rally party, which won the first round of France’s elections, is unlikely to obtain a majority in the country’s parliament, analysts said.
Atos said it reached an agreement with a group of banks and bondholders on the terms of its financial restructuring as the struggling French IT firm seeks to shore up its coffers.
