Left-wing parties won most seats in France's parliamentary elections, creating uncertainty and potential policy paralysis.

Left-wing parties in France's parliamentary elections won the most seats, causing uncertainty as a hung parliament could lead to policy paralysis and hinder key reforms like reducing the country's high government debt. Despite initial market weakness, European stocks and the euro rebounded as investors considered potential government formations involving Macron's centrists and more moderate elements of the left-wing alliance.

July 08, 2024
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