Results in the French and German elections could create more economic growth or result in market turmoil, says Saxo Bank’s head of equity strategy Peter Garnry.

He says that the UK’s Brexit referendum result created shockwaves in the financial world and this French election remains very important for the future of Europe.

The market favours a Macron win, says Garnry, but if Le Pen triumphs, Italy could follow her anti-EU direction and the Eurozone could face collapse.