France's stock market opened deep in the red Monday and the euro tumbled after the Socialist candidate came out on top in the first round of the country's presidential election, raising questions about whether the markets are nervous about a Francois Hollande victory.
As a refresher course in French politics, presidential elections are a two-stage process. In the first round, voters select from candidates of all the political parties. The second round pits the top two vote getters against each other.
Never before in history has a sitting French president polled so low 100 days before the first round of votes.