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Spanish stocks soar 3.76 pct on French election results

Xinhua, April 24, 2017 Adjust font size:

Spanish shares jumped on Monday on the outcome of Sunday's French election, with the benchmark index Ibex-35 up 3.76 percent to close at 10,766.80 points.

Spanish banking firm BBVA led the gain by climbing 7.32 percent. Another banks Banco Santander soared 5.82 percent. Information technology and defense systems company Indra rose 5.71 percent.

European equities surged on Monday after Emmanuel Macron's victory in the first round of the French presidential election.

On Sunday, centrist candidate and former minister of economy Emmanuel Macron and far-right candidate Marine Le Pen came out on top, according to projections by polling agencies and official partial results.

An updated estimation by research firm Elabe for local broadcaster BFMTV indicates that Macron leads with 24 percent of votes, and Le Pen 21.8 percent.

The two leading candidates are set to face off in the runoff on May 7. A poll late Sunday from Ipsos/Sopra Steria showed that Macron would likely win that runoff by 62 percent to 38 percent. Endit