© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
USDCAD TECHS

Bullish Rally

AUDUSD TECHS

Bullish Conditions Intact Despite Pullback

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

Macron Party, Left-Wing Bloc Neck And Neck In First Round Of Legislative Election

FRANCE
Political RiskPolitical Risk BulletBulletMarketsFixed IncomeForeign ExchangePolitical Market News

President Emmanuel Macron's Ensemble alliance and Jean-Luc Melenchon's NUPES bloc are neck-and-neck in the first round of France's legislative election, preliminary results showed.

  • Estimates by Ipsos put Nupes on 25.6%, narrowly ahead Ensemble on 25.2%, as the left-wing alliance performed better than expected and looks to increase its presence in parliament. Ifop puts both blocs on 25.9%. Projections suggest that Ensemble is set to clinch the most seats after the second round but its absolute majority in the National Assembly is at risk.
  • Ipsos' Mathieu Doiret told France24 that the election "confirms the fact that Ensemble (Macron's coalition) is now the centre-right" and "Should Macron's coalition fail to win an outright majority, an alliance with the rump of the Republicains is the most likely outcome."
  • French MPs are elected in 577 single-member constituencies. If no candidate in a given constituency receives an absolute majority of votes and wins the backing of at least 25% of eligible voters, candidates picked by at least 12.5% of eligible voters proceed to the second round. The run-off is slated for next Sunday (June 19).
177 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

President Emmanuel Macron's Ensemble alliance and Jean-Luc Melenchon's NUPES bloc are neck-and-neck in the first round of France's legislative election, preliminary results showed.

  • Estimates by Ipsos put Nupes on 25.6%, narrowly ahead Ensemble on 25.2%, as the left-wing alliance performed better than expected and looks to increase its presence in parliament. Ifop puts both blocs on 25.9%. Projections suggest that Ensemble is set to clinch the most seats after the second round but its absolute majority in the National Assembly is at risk.
  • Ipsos' Mathieu Doiret told France24 that the election "confirms the fact that Ensemble (Macron's coalition) is now the centre-right" and "Should Macron's coalition fail to win an outright majority, an alliance with the rump of the Republicains is the most likely outcome."
  • French MPs are elected in 577 single-member constituencies. If no candidate in a given constituency receives an absolute majority of votes and wins the backing of at least 25% of eligible voters, candidates picked by at least 12.5% of eligible voters proceed to the second round. The run-off is slated for next Sunday (June 19).