Marine Le Pen Pledges Unity Government in France’s Snap Parliamentary Election, Bonds and Stocks Recover

Jun 17, 2024, 08:45 AM

Marine Le Pen, leader of France's far-right party, has pledged to form a 'unity government' and work with President Emmanuel Macron if her party wins France’s snap parliamentary election. This move is seen as an appeal to French moderates and investors. Following her assurances, French government bonds have seen some respite, and French stocks have clawed back some losses. Traders are closely monitoring European bond futures as they assess the impact of Le Pen's reassurances.