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Paris bankers, brokers brace for restless night of French election

Some investment banks reduced, hedged their exposure to assets that could bear brunt of volatility

Reuters  |  Paris 

Paris bankers and brokers will be on call, ready to scoot to the office as results of the first round of the roller-coaster French presidential election start to dribble in this Sunday. Their workload will depend on the outcome of the tight race that could potentially see two extremes -- the far right Marine Le Pen and the communist-backed leftist Jean-Luc Melenchon -- make it to the second round. But the preparations underway already reflect the bankers' experience in facing market volatility following Britain's shock vote to leave the European Union and US presidential ...

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First Published: Thu, April 20 2017. 16:13 IST