Le Pen lost herself on some thin ice this weekend when in a concession to Dupont-Aignant she agreed to drop the  immediate Euro exit from her speeches. The improvised explanation doesn't work.

Other than that it was a debate of tested offenses against a well delivered but glib fairly coherent program. Both ignored the fact that either of them has only a minimal chance of implementing their proposals as neither will have enough adherents in parliament to force anything through.

Macon's election will be less upsetting to the market as his presentation was delivered in a vocabulary understood by the business/economic interests although they will recognized that his plans for reshaping the EU would run smack into a big German 'NEIN'. Junkers and co will have no reason to bring in those changes needed and wanted by the people. 

Le Pen's win OTOH would be more chaotic but might wake up Brussels or at least Merkel towards pruning the European monster bureaucracy and its ambitions.