French Stocks Rise as Traders See Safety in Political Gridlock.

French stocks rose as investors found comfort in the political gridlock following the French elections. The lack of a clear winner means that major policy changes are unlikely, easing concerns for investors. While there is still worry over the country's debt burden, the tightening of benchmark bond spreads suggests that the far right and far left are unlikely to implement their big spending plans. The left-wing alliance will have a presence in the lower house but lacks an absolute majority, limiting its ability to make significant changes. A hung parliament is seen as a positive outcome for investors. [Extracted from the article]