Hello I'm Simon Long, the Economist's Finance Editor, and you're listening to Money Talks.

Coming up on this week's programme, is it La Marseille or La Meles for the markets after Macron's election victory.

Either a Le Pen victory or Melanchon, who was also anti-EU, anti-Euro, would have been pretty disastrous.

How Donald Trump's contradictions might cost the economy.

The administration hasn't been completely clear on how it sees the tax cuts it's proposing stimulating the economy.

And is it a bird?

Is it a plane?

Or is it a milestone for Chinese manufacturing?

Although one can expect these planes to be at an airport near you in China.

Outside of China, I'm not quite sure that's

going to be the case in the next few years.

But first, France has chosen this man

to lead their country by a landslide of 66% of the votes.

Thank you my ami.

Thank you!

Thank you.

That's all the Thank you. The markets have dodged the bullet of a Marine Le Pen victory, but have they been reacting this morning?

Our Buttonwood columnist and markets expert Philip Kogan joins us now.

Morning, Philip.

Well this is a classic example Simon of buy on the rumor sell on the news.

The markets had already anticipated that Macron would win, perhaps not buy so big a margin,

but while the euro perked up a little last night,

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