06/17/2024

Campaigning Starts in France for Snap Election

Political uncertainty has triggered heavy selling of French bonds and stocks

Campaigning kicked off on Monday for France's snap parliamentary election, which opinion polls suggest the far-right National Rally will win, with President Emmanuel Macron's centrist alliance coming third, behind a leftwing ticket.

Political uncertainty has triggered heavy selling of French bonds and stocks after Macron unexpectedly called the election, following a trouncing of his ruling centrist party by Marine Le Pen's National Rally (RN) in European Parliament elections.

Macron's gamble, which included catching other parties off-guard with just a few weeks to prepare for the ballot, could back-fire, a poll by Ifop for the Journal du Dimanche showed.

Please select this link to read the complete article from Reuters.