French insurance stocks rise on Macron hopes

French insurance stocks closed higher today after former
investment banker Emmanuel Macron emerged as the clear favourite to
replace François Hollande in the Élysée Palace
following the first round of a presidential election that concludes
with a runoff in two weeks.
AXA shares rose 6.53 percent to close at EUR25.03. The benchmark
Eurostoxx 50 index climbed 3.9 percent to a 20-month high of
3,574.
CNP Assurances share added almost 3.5 percent to reach EUR18.85
and Scor gaine