Marine Le Pen dances the night away after election loss

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Centrist candidate Emmanuel Macron won Sunday's runoff vote of the French presidential election, defeating his far-right rival Marine Le Pen, according to polling agency projections issued after the vote. "President Trump emphasized his desire to work closely with president -elect Macron in confronting shared challenges, and noted the long and robust history of cooperation between the United States and its oldest ally, France", the White House said.

Although Mr Macron's victory was a cause for relief in markets and is seen as a broad positive for European stocks and the single currency, it had been widely expected, and moves in stocks and currencies were relatively muted.

"This is the youngest French president ever who was virtually unknown three years ago, created his own movement from scratch just a year ago, and is winning in (a) landslide with an optimistic, reform-oriented, pro-European, liberal message".

Macron's opponent in the second round of the election, the far-right candidate Marinne Le Pen, was a bit of an exception to this rule. He said Macron's victory will guarantee that Le Pen will win in the next election in 2022.

She pledged to toughen laws to combat illegal immigration and terrorism and ensure that the French come first in jobs and benefits.

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It was Mr Macron's first public appearance with President Francois Hollande since Mr Macron resigned as economy minister in August to run for office. May has called an early election for June 8, arguing that her Conservatives need a bigger majority to stand firm against and strike deals with the EU. "I respect them", Macron said in an address at his campaign headquarters, shown live on television.

"But new French President Macron won't bring this any closer to reality", he added.

Mr Macron called Ms Merkel to persuade the Berlin based Chancellor to enter into the Euro Bonds mutualisation scheme to underpin France's flailing economy.

It is also time for Macron to unite his divided country and become leader also of those who did not vote for him. It is no secret that much was at stake, keeping in mind what Marine Le Pen, a fierce nationalist, was threatening to do.

France is not the only country with a national election this year.