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Investors show cautious optimism over French snap election results

News RoomBy News RoomJuly 8, 2024
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The reactions came after the far left New Popular Front — a broad coalition between the socialists, greens, communists, and Jean-Luc Melenchon’s France Unbowed party — came in first, winning 182 seats in the National Assembly.
These latest results took experts and markets by surprise, who had priced in a victory for Marine Le Pen’s far right Rassemblement National party. However, Le Pen’s party failed to secure a majority and fell instead on third place (143 seats), behind the New Popular Front and French president Emmanuel Macron’s Ensemble bloc (163 seats).
Market Movers Blog: Marke…

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