France's Le Maire: Will do all to ensure far-right national rally party does not get absolute majority

Market news

1 July 2024

France's Le Maire: Will do all to ensure far-right national rally party does not get absolute majority

French Finance Minister Bruno Le Maire said on Monday that “(we) will do all to ensure the far-right National Rally party does not get absolute majority.”

Additional quotes

The first round of parliament election marks a defeat for the presidential majority.

The real risk would be if far right national rally party wins an absolute majority.

Market reaction

The Euro has regained upside traction, as the European traders hit their desks early Monday and reacted positively to the far-right sweep in the first round of the French snap election on Sunday. At the time of writing, EUR/USD is trading 0.55% higher on the day at 1.0770.

Australia RBA Commodity Index SDR (YoY) increased to -4.1% in June from previous -4.2%

Switzerland Real Retail Sales (YoY) below expectations (2.5%) in May: Actual (0.4%)

Market Focus

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