Reported 12 months ago
On July 1, 2024, after French President Macron's center-right coalition suffered a significant defeat in the parliamentary elections, with the far-right National Rally leading by a wide margin in the first round, the Euro and European stocks rose instead of falling. The National Rally, led by Marine Le Pen, won 33% of the votes, followed by the NFP left-wing alliance with 28%, and Macron's centrists coming in third with 20%. The far-right's historic victory in the first round of elections was somewhat surprising, but analysts noted that their lead was not as large as expected, indicating uncertainties about whether they will secure an absolute majority in the upcoming runoff elections.
Source: YAHOO