Le Pen

Euro and European Stocks Surge on French Election Results

European markets reacted positively to the results of the first round of parliamentary voting in France, with the euro strengthening on the foreign exchange market and stocks opening higher on Monday. Marine Le Pen's National Rally secured the lead in the election, but with a smaller margin than anticipated by pre-election polls.

French Elections: Exit polls show Le Pen leading with 33-34%

A victory for Marine Le Pen’s party, as expected, is indicated by the first exit polls from the parliamentary elections in France.

Estimates give Le Pen’s National Rally 33%, while the New People’s Union, the coalition of the Center and the Left, is at 28.5%.

In third place, at a distance, is the party of President Emmanuel Macron with 22%.

Far right's election gains rattle EU's traditional powers

Far-right parties rattled the traditional powers in the European Union with major gains in parliamentary seats, dealing an especially humiliating defeat to French President Emmanuel Macron, who called snap legislative elections.

The outcome showed the 27-nation bloc's parliament membership has clearly shifted to the right.

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