EU and French elections: markets are nervous, but not panicking
2024 was shaping up to be a crucial year in terms of elections, since 80% of the world's population has been or will be called upon to vote this year. This weekend's European elections brought their share of surprises. At a European level, the European People's Party (EPP, centre-right) came out on top, but Europe's far right made a historic breakthrough, with the Green Group one of the big losers. After India and Mexico, it is France that is the focus of investors' attention after the surprise announcement of snap parliamentary elections by the President of the Republic Emmanuel Macron.
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June 12, 2024