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The Guardian - UK
The Guardian - UK
Business
Larry Elliott Economics editor

French market leaps amid hopes Le Pen will fall short of outright victory

National Rally president Jordan Bardella speaks to the press after the far-right party won 33% of the vote in the French election.
National Rally president Jordan Bardella speaks to the press after the far-right party won 33% of the vote in the French election. Photograph: Anadolu/Getty Images

Shares on the French stock market have risen after the first round of voting in the country’s parliamentary election eased concerns about an outright victory for the rightwing National Rally (RN) party.

The euro rose against the dollar, while the risk premium investors demand for holding French government bonds fell as the markets took the view that the result could have been worse.

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