French stocks rebound despite hung parliament

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Akiko Fujita Nouvelles

French Stocks,Absolute Majority,Parliamentary Elections

French stocks, as tracked by the CAC 40 index (^FCHI), are showing signs of recovery following the country's recent parliamentary elections. The second round...

), are showing signs of recovery following the country's recent parliamentary elections. The second round of voting resulted in a win for the left-wing alliance, which secured the most seats. However, the outcome has led to a fragmented parliament, with no single party achieving an absolute majority.delves into the details of the French political landscape and election results, offering insights into their impact on the financial markets.

On Sunday, it was a different story after the centrist and leftist parties coalesced around select candidates with voter turnout at its highest rate in more than 40 years. But the leftist New Popular Front has called for spending increases, talking about increased benefits, higher public sector wages, more housing benefits.The coalition has also proposed rolling back one of Macron's signature policies, raising the country's legal age of retirement now As for Le Pen's party, the national rallies momentum may have collapsed in domestic elections.

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