“A change in leadership brings uncertainty because you don’t know exactly what you’re getting into,” said Ryan Detrick, senior technical strategist at Schaeffer’s Investment Research.
“It won’t be a be-all end-all sell signal, but new leadership in France could cause investor jitters that reverberate throughout global financial markets,” said Detrick.
Hollande campaigned on the need to focus more on economic growth to reduce public debt, as opposed to austerity, which has been the main policy prescription for the three year-old European debt crisis.
While it remains to be seen to what extent Hollande will push his growth agenda, his countering approach causes concerns about how he might work with German Chancellor Angela Merkel, the key proponent of austerity.
Even so, many economists and market strategists say Hollande is likely to pursue policies that maintain fiscal discipline and will also make efforts to keep good relations with Germany.
While there could be some “initial friction with Merkel,” Hollande will eventually form his own bond with the German leader, said Antonio Barroso, an analyst at political research firm Eurasia Group.
“Hollande is very pragmatic.” said Barroso. “He knows that Germany is his most important partner. They will have to agree on a solution for the crisis.”
In a victory speech to supporters in Tulle, Hollande declared his win “a great date for our country, and a new start for Europe.” The Socialist challenger promised to govern for all of France.
“Many people have been waiting for this moment for many long years. Others, younger, have never known such a time. … I am proud to be capable to bring about hope again,” he told the cheering crowd.
“Tonight, there are not two Frances. … There is only one France, only one nation that is united with the same destiny,” Hollande said.
The president-elect, who will be the nation’s first left-wing president since Francois Mitterrand left office in 1995, suggested there was a sense of relief in many European countries because of his win.
“Austerity can no longer be something that is inevitable,” he said.
Later, Hollande went to Paris, where he addressed a large crowd at the Bastille. Supporters waved flags and shouted his name.
“I know what many people feel — years and years of wounds, of ruptures, and we have to repair, recover, unite. That is what we’re going to do together,” he vowed.
Hollande congratulated Sarkozy, who earlier conceded to Hollande as results from exit polls and official tallies in the runoff election came in.
Sunday’s show – Free Psychic Readings, one question per caller, to give everyone a chance to participate, and receive answers. www.blogtalkradio.com/Lennis “In The Studio with LSV”, 646-727-2914, at 4pm pst or 7pm EST. Thank you!
Watch the newscast video, contact your Congressman and then pass it on.
Supermodel Naomi Campbell is coming to TV in a new reality competition show. On the show, The Face Campbell, will serve as a judge. The show will air on the Oxygen channel.
Actor Jaleel White has a new show on the SCI-FI Channel. It’s an extreme game show which airs on Wednesday nights. White was recently bounced from Dancing With The Stars. Many feel his personal life got in the way of his dancing abilities on the show. His baby momma went to the press about past abuse from him. White also in got to an altercation with his dance partner Kym Johnson on the show. I think this hurt his public perception on the show and he got bounced. White is best known for his work as “Steve Urkel” on the show Family Matters.
Towanna Iverson has filed a restraining order against her husband former NBA Superstar Allen Iverson. Mrs. Iverson says her hubby has been harassing her. The Iversons have five kids. Towanna also says Iverson has been hiding money from her, and she can’t afford to feed her family.
No more Khloe and Lamar Odom on the E network! Their self-titled reality show is not being renewed. Odom is now trying to concentrate on his NBA career, and Khloe is in talks to do her own spinoff show minus Odom. In other E network news, get ready for Mary J. Blige. She’s going to be one of the stars of the talent series Opening Act. It’s a talent competition show where they search for talent on the internet. The winner will open up for an A-list music star. The show debuts July 9th.
Will there be a sequel to Steve Harvey’s hit movie Think Like A Man? The movie took in over $60 million at the box office. The movie, based on Harvey’s best-selling book, claimed the no.1 spot at the box office two weeks in a row. I hear they may be a sequel which will focus on marriage and a trip to Las Vegas.
John Legend is replacing Lionel Richie on the ABC singing reality show Duets. Now that Richie will be on tour to promote his number one album Tuskegee, Legend will join Kelly Clarkson and Robin Thicke as they go across the country searching for the perfect duet partner. The show premieres May 24th on ABC.
The Soul Man is the name of Cedric The Entertainer’s new TV Land sitcom. He stars along with Actress/Comedienne Niecy Nash, and he plays Reverend Boyce, an R&B singer turned preacher. The show debuts later this year.
Remember the 1974 movie Uptown Saturday Night with Sidney Poitier, Bill Cosby and Harry Belafonte (plus a who’s who of cameos)? Well a remake is in the works with possible stars Denzel Washington and Will Smith. Smith bought the rights to remake the three movies Poitier/Cosby films made in the 1970’s. Let’s Do It Again and A Piece Of The Action are the other two.
Cissy Houston is planning on writing a book about her daughter Whitney Houston. Cissy, 78, says she plans to write about the good and the bad with her daughter. Gospel Star BeBe Winans is also writing a book about his friendship with Houston. In other Whitney news, her ex-husband Bobby Brown sat down with Matt Lauer of The Today Show. Brown says he is not the reason for Whitney’s downfall. Brown says he has been clean and sober from narcotics for seven years. He says he saw his ex-wife a week before her death, but didn’t know she was still struggling. He also says their reality TV show, Being Bobby Brown, was a wakeup call for them. Brown says the show made them realize how their drug use was affecting their lives.
Author Toni Morrison is getting a new honor. She is going to be awarded the Presidential Medal Of Freedom. The 81-year old author just released a new book called Home. Morrison is best known for the books The Bluest Eye, Song Of Solomon and Beloved.
Last Sunday’s show I interviewed Mr. Horn which was a huge success. You can listen to the show:
www.theessenceofsuccess.com, or www.blogtalkradio.com/Lennis, show “Poetry”.
Please support this northwest icon Author, his books are always page turners, and will
keep the reader excited.
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Mr Putin will return to the presidency after an absence of four years in which he served as prime minister. The outgoing President, Dmitry Medvedev, was widely seen as an ally of Mr Putin.
He won a third term as president in controversial elections in March.
On Sunday, thousands of protesters opposed to the inauguration clashed with police in Moscow.
Mr Putin will take the presidential oath at the Grand Kremlin Palace, in a hall that was once the throne room of the Russian tsars, the BBC’s Steve Rosenberg in Moscow reports.
If he completes his six-year term, Mr Putin will be the longest serving Russian leader since Joseph Stalin, our correspondent says.
However, Mr Putin faces many problems; the political system he created has been showing cracks, economic growth is forecast to slow, and violence in the volatile North Caucasus continues, he adds.
How he deals with the wave of opposition protests which broke out last December will also be a key test of his administration, correspondents say.