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FT News Briefing
First round victory for French far-right
Jul 1, 2024
Marine Le Pen's far-right party gains ground in French parliamentary elections, challenging Macron's centrist alliance. US stock markets exceed expectations, with Morgan Stanley following suit to scrap UK bonus caps. French voters show record turnout, signaling a shift towards right-wing ideologies and potential global political trends.
08:59
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Quick takeaways
- Marine Le Pen's far-right party's victory signals a rightward shift in French politics.
- US stock markets outperform expectations with significant gains, especially for tech stocks like Nvidia and Apple.
Deep dives
Far-Right Victory in French Elections
France's far-right politician Marine Le Pen celebrated an unexpected victory in the recent parliamentary elections with a win for her party, Rassamlement Nationale. This outcome indicates a significant shift to the right in French politics reflecting a broader trend of right-wing movements across Europe and the US. The rise of populist and far-right factions poses implications for the European Union, especially if the far-right gains the majority and introduces Eurosceptic policies.
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Discover
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