The first round of France's national election is over to the delight of investors. Centrist Emmanuel Macron and far-right nationalist Marine Le Pen will move on to the second round of voting in early May.Here is a summary of what analysts are saying about the election results and the surge in global equities that followed suit, according to a Bloomberg report.Citigroup: 'Risk-On'Citigroup's Jonathan Stubbs is bullish on the European banking sector, which stands to benefit from the lower political risk. Specifically, France-based banks could outperform by around 10 percent in the near-term but overall international investors, especially Americans, will return to European equities.Goldman Sachs: What Political Risk?Goldman Sachs' equity strategist Peter Oppenheimer noted that the ongoing political concerns of the election haven't held back European and France-listed stocks since the start of the year.Nevertheless, the election results thus far do generate some relief for French and Italian banks. But at the end of the day, France's stock market hasn't significantly under-performed as of late so investors shouldn't expect a large rally to follow.Source