French markets breathed a sigh of relief on Monday morning as the results from the first round of the French parliamentary elections filtered through.

The CAC 40 in Paris gained around two per cent on Monday morning while government bonds also strengthened following the results.

Marine Le Pen’s right wing National Rally emerged as the largest party with 33% of the vote, followed by the New Popular Front, a left wing alliance who garnered 28%. Emmanuel Macron’s Ensemble party came in third with only 20%.

There’s another round of voting still to go next weekend, in which voters will choose between candidates who managed to secure more than 12.5 per cent in the first round.

Get more of City A.M. 👇
🌐 http://www.cityam.com
X(formerly Twitter):   / cityam  
Facebook:   / cityam  
Instagram:   / city_am  
LinkedIn:   / cityam  

Produced by: Chris Dorrell, Scarlett Wild, Larissa Howie

#frenchelection #election #france #france24 #frencheconomy #emmanuelmacron #lepen #politics #voting #europe #news #trendingnews #worldnews #internationalnews