Reported about 1 year ago
France's parliamentary elections took an unexpected turn with the left-wing camp winning over the far-right National Union party, leading to a potential 'stalemate parliament' as no party secured an absolute majority. This political uncertainty may intensify, but it also mitigates the risk of expanding fiscal policies. The euro initially depreciated but later rebounded, while French stocks and bonds followed a similar pattern. Despite the uncertainty in French politics, the financial markets seem to find the election results somewhat favorable due to the challenges the extreme left and right-wing policies face in implementation.
Source: YAHOO