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French election shock hits stocks and the euro

Posted on AllSides June 10th, 2024
From The Left
Nathan Laine/Bloomberg/Getty Images

The decision by French President Emmanuel Macron to call a snap election after losing to the far right in a vote for European lawmakers roiled markets and the euro Monday.

Big gains for the far right in the French election could force Macron to govern with a hostile parliament, making it harder for his centrist administration to pursue its policy agenda and raising doubts about its ability to put government finances on a more sustainable footing.

France’s CAC 40 index, which represents 40 of the biggest companies listed in Paris,...

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