Reported about 1 year ago
Following the first round of snap elections in France, the far-right National Rally party secured a win but not an absolute majority, leading to a rise in French equity markets. Concerns about an outright victory eased, with the CAC 40 index initially jumping nearly 3% before paring back gains. Key issues driving voters included immigration, inflation, and the high cost of living. Investors are cautious ahead of the second round of parliamentary elections and the implications of a government led by either the far-right or left. The elections have been deemed the best-case scenario for markets, with a hung parliament likely maintaining the status quo.
Source: YAHOO