Political pitfalls to test markets' comfort over French election

FILE PHOTO: Official campaign posters of French President and centrist LREM party candidate for re-election Emmanuel Macron and Marine Le Pen, leader of French far-right National Rally (Rassemblement National) party, are displayed at France Affichage Plus dispatch hub in Mitry-Mory, outside Paris, France, France, April 13, 2022. REUTERS/Benoit Tessier

PARIS (Reuters) - Financial markets are more sanguine about France's presidential election than they were five years ago, even though political risks are higher now no matter who wins.

Far-right leader Marine Le Pen has never been closer to power even though polls suggest incumbent Emmanuel Macron will win a second term in Sunday's runoff vote against her, although by a much smaller margin than in 2017.