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Left-wing alliance in France prevents rise of far-right leader Marine Le Pen, Labour's victory in the UK boosts market attractiveness, 2021 on track to be the warmest year on record, Chinese province near Taiwan seeks ties but faces resistance from businesses
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- Left-wing and centrist alliances in France strategically joined forces to block the far-right National Rally from gaining a parliamentary majority.
- Labour's significant win in the UK election led to positive movements in markets with hopes for supply-side reforms driving investment and growth.
Deep dives
France's Political Results: A Shift to the Left
In a surprising turn of events, left-wing and centrist alliances in France strategically joined forces to block the far-right National Rally from gaining a parliamentary majority. This tactic resulted in the left-wing Nouveau Front Papireille winning a narrow victory, followed by President Macron's centrist alliance. The far-right party, which was expected to perform well, ended up in third place, leading to uncertainty about France's political future.
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