Macron defeats Le Pen in French presidential election

Macron supporters celebrate near the Louvre museum after projected results are announced

One mistake Macron's team says it will not make is to bet on a Merkel loss in September, as Hollande seemed to do five years ago.

Valls, a man deeply associated with the unpopular President François Hollande, supported Macron rather than the Socialist Party candidate during the presidential election.

The movement will be renamed as "La Republique En Marche" on July 15. Candidates from mainstream parties that alternated to govern the country in the past four decades were eliminated in the first round. The party does not now hold any seats in the French parliament.

"Leading into the election, with many polls predicting Macron's victory, we saw safe-haven buying easing into end of last week".

Macron addressed thousands of supporters outside the Louvre in Paris late Sunday night, making a call for unity in the country that has seen deep divisions with the rise of the far right.

For the lawmakers, Macron's win dented hopes that in Fillon or Le Pen Moscow would have had a French leader opposed to troublesome European Union policies such as sanctions over Russia's role in the Ukraine conflict.

On Monday, the chief of Macron's movement, Richard Ferrand, said it would modify its name to "Republic on the Move" so as to structure itself more like a traditional party.

Centrist member of the European Parliament, and supporter of Mr. Macron, Sylvie Goulard, told CNews Channel on Monday that Mr. Macron would go to Berlin for his first trip outside France, but added that it is possible that he might first visit French troops posted overseas.

They are looking to Germany and France, long the drivers of European integration, to find the answers.

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Sunday's results mark a meteoric rise for Macron, who at 39 will become France's youngest-ever president.

Macron, who topped the first round of the election on April 23, campaigned on a pro-EU, pro-business platform, while Le Pen, a staunch anti-immigration candidate, wanted France to leave the 28-nation bloc and abandon the euro currency.

"I can tell you that the federal government's dismissive attitude toward euro bonds remains valid", government spokesman Steffen Seibert told a regular news conference when asked if Germany would back Macron should he push for euro bonds.

His predecessor Barack Obama had released a video last week backing Macron.

Russian President Vladimir Putin phoned his soon-to-be French counterpart on Monday with a message of support, urging him to help "overcome mutual mistrust" between the two countries and wishing him "good health". "In these circumstances, it is especially important to overcome mutual distrust and unite efforts to ensure global stability and security", he said.

The European Council President went even further and said, "Congratulations to EmmanuelMacron, the French who chose freedom, equality and fraternity and said no to the tyranny of the "fake news".

"I call on all patriots to join us to take part in the decisive political fight that is starting tonight".

The far-right candidate's high-spending, anti-globalisation "France-first" policies may have unnerved financial markets, but they appealed to many poorer members of society against a background of high unemployment, social tensions, and security concerns. He won one of the most lopsided presidential victories in modern French history, but it was in many respects an empty one.

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