Markets rally as Romania's political outlook stabilises after Dan's presidential election victory

Romanian financial markets reacted positively on May 19 to the outcome of the country's presidential election, reflecting renewed investor confidence in political stability and expectations of fiscal normalisation.

The Romanian leu appreciated by 1.4%, 10-year government bond yields dropped by 60 basis points to 7.41%/7.16%, and the Bucharest Stock Exchange main indices surged by more than 4% compared to the close on the Friday before the vote.