Centrist Emmanuel Macron's lead in the first round of the French presidential election is good news for Europe and the world, Italian Finance Minister Pier Padoan told CNBC on Monday.
"Let's wait for the second round," Padoan, an independent, said on "Squawk Box."
Global markets soared Monday after Macron of the independent En Marche party secured the lion's share of votes in Sunday's preliminary election, with the far-right's Marine Le Pen of France's National Front party trailing narrowly. They face a May 7 runoff.
U.S. stock futures were 1 percent higher, with the Dow futures soaring jumping more than 200 points, as investors sighed in relief.
Le Pen, who is attempting to make history as France's first female president, has an anti-establishment platform with a closed-door policy to immigration. She wants France to leave the European Union and has called for a tax on companies hiring foreign workers.
Macron, who has never held elective office, is an EU ex-banker and former economy minister who founded his own party only a year ago. He is pro-European Union and has called for less strict immigration policies than has Le Pen.