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☆ Oil slips on dollar's strength from U.S. jobs data
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: +3 min

Oil wells are seen at an oil facility by the Highway 5 near Bakersfield in California, U.S. on Nov. 27, 2022. Oil prices nudged lower for a second straight session on Monday, weighed down by a firmer dollar as expectations of interest rate cuts were pushed out further following strong U.S. jobs data on Friday. On Friday, data showed the U.S. added more jobs than expected last month, leading investors to trim expectations for rate cuts and causing the dollar to rally. In the U.S., Washington stepped up purchasing of crude oil to replenish the Strategic Petroleum Reserve after prices fell. Last week, U.S. energy firms cut the number of oil and natural gas rigs operating to the lowest since January 2022, energy services firm Baker Hughes said on Friday.

Persons: Emmanuel Macron, Le, Tony Sycamore, Sycamore, Brent, WTI, FGE, Washington, Baker Hughes, Hayan Abdel, Ghani Organizations: Brent, . West Texas, greenback, European Union, IG, U.S . Federal Reserve, Bank of Japan, Organization of, Petroleum, bbl, Strategic Petroleum Reserve, Iraq's Oil Locations: Bakersfield, California, U.S, European, Sydney, OPEC, Kurdistan, Iraq, Turkey

☆ 'That's his gamble': Professor digests possible reasons behind Macron's snap election
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'That's his gamble': Professor digests possible reasons behind Macron's snap electionDouglas Yates, professor at the American Graduate School in Paris, says everyone was shocked by the decision of French President Emmanuel Macron to call a snap parliamentary election after the European Parliament election.

Persons: digests, Douglas Yates, Emmanuel Macron Organizations: American Graduate School Locations: Paris

☆ Macron will be making a 'huge political gamble' with French snap elections: Analyst
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMacron will be making a 'huge political gamble' with French snap elections: AnalystDaniel Hamilton, senior fellow at the Foreign Policy Institute of Johns Hopkins University SAIS, discusses the results of the European elections.

Persons: Daniel Hamilton, Johns Hopkins University SAIS Organizations: Foreign, Institute, Johns Hopkins University

☆ French election shock hits stocks and the euro
▼ + stars: | 2024-06-10 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —The decision by French President Emmanuel Macron to call a snap election after losing to the far right in a vote for European lawmakers roiled markets and the euro Monday. The first round of the French election is scheduled for June 30, followed by the second round on July 7. Under the French system, parliamentary elections are held to elect the 577 members of the lower house, the National Assembly. Higher yields indicate that investors want a bigger premium to buy French bonds given the political uncertainty. “A right-wing majority in the (French parliament) would hamper any reform plans.

Persons: Emmanuel Macron, Macron, Générale, “, ”, Mike O’Sullivan, whittle, Andrew Kenningham, ” Mohit Kumar Organizations: London CNN, BNP, Credit Agricole, National, National Assembly, CNN, Capital Economics, Jefferies Locations: Paris, Europe, —, France

☆ French President Emmanuel Macron calls for snap parliamentary election
▼ + stars: | 2024-06-10 | by ( Seema Mody | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrench President Emmanuel Macron calls for snap parliamentary electionCNBC's Seema Mody joins 'Power Lunch' to discuss the election results from France and its impact on European stocks.

Persons: Emmanuel Macron, CNBC's Seema Mody Locations: France

☆ What to Know About France’s Snap Parliamentary Elections
▼ + stars: | 2024-06-10 | by ( Aurelien Breeden | ) www.nytimes.com time to read: +1 min

President Emmanuel Macron threw French politics into disarray on Sunday when he unexpectedly called for snap elections. The surprise move came after his party was battered by the far right in European Parliament elections. Mr. Macron dissolved the lower house of France’s Parliament and said the first round of legislative elections would be held on June 30. France now finds itself in unpredictable territory, with the future of Mr. Macron’s second term potentially at stake. Mr. Macron’s centrist Renaissance party came in a distant second, with about 14.6 percent.

Persons: Emmanuel Macron, Macron, Macron’s, Jordan Bardella Organizations: National Rally, Marine, Renaissance Locations: France

☆ Pressure grows on Germany's Scholz after election drubbing by the far right
▼ + stars: | 2024-06-10 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +4 min

The SPD lost support from the 2019 election, winning just 13.9% of the latest votes. Incremental gains meanwhile turned Germany's opposition, the CDU (Christian democrats), into the strongest party, with 23.7% of support. At a national level, the AfD was last ahead of the SPD and in second place overall, according to a leading general election poll. Earlier this year, one of Krah's employees who was based in the European Parliament was arrested for allegedly spying on the parliament for China. watch nowThe AfD's second-in-line for the European Parliament, Petr Bystron, faced allegations of bribery and money laundering, which were linked to Russia and to spreading pro-Kremlin propaganda.

Persons: Olaf Scholz, Koenig Heinrich, Ying Tang, Maximilian Krah, Krah, Petr Bystron, What's, Scholz, Marcel Fratzscher, Scholz's, Emmanuel Macron, Fratzscher, Holger Schmieding Organizations: SPD, Union, Scholz's SPD, Greens, CDU, Nazi regime's SS, Parliament, ZDF, German Institute for Economic Research, CNBC, Deutsche Bank Locations: Duisburg, Germany, France's Rassemblement, China, Russia

☆ Here’s what we learned from the European elections as a far-right surge upends national politics
▼ + stars: | 2024-06-10 | by ( Rob Picheta | ) edition.cnn.com time to read: +7 min

Far-right parties across the continent had strong showings, but their momentum did not cause the center ground of European politics to cave in – as many had predicted. Those gains did materialize; far-right groups were expected to secure a record number of seats in the European Parliament, dealing a major blow to the continent’s establishment leaders. Most of the far-right gains were concentrated in countries that elect large numbers of seats: France, Italy and Germany. Several other far-right parties are among the non-aligned (NI) group, predicted to secure 45 seats. The center holdsDespite a far-right surge, the centrist European People’s Party (EPP) was the biggest single winner on Sunday night.

Persons: –, Maximilian Krah, Ursula von der Leyen, ”, Von der Leyen, ” Von der Leyen, Emmanuel Macron, Marine Le, ” Macron, Marion Maréchal, Jordan Bardella, Alexander De Croo, ” De Croo, Meloni, Tusk, Giorgia Meloni, Brothers, Benito Mussolini, von der Leyen, Donald Tusk’s, Viktor Orbán, Bas Organizations: CNN, Green, Nazi, European People’s Party, EPP, Progressive Alliance of Socialists, Commission, Ukraine, Marine, Assembly, French, Ministry, Italy’s, Italy, Law and Justice, PiS, European, Fidesz, Greens, Bas Eickhout, EFA, European Green Party, European Commission Locations: –, France, Europe, Italy, Germany, Brussels, France’s, “, Ukraine, Poland

☆ In Calling Elections in France, Macron Makes a Huge Gamble
▼ + stars: | 2024-06-10 | by ( Roger Cohen | ) www.nytimes.com time to read: +1 min

On the face of it, there is little logic in calling an election from a position of great weakness. But that is what President Emmanuel Macron has done by calling a snap parliamentary election in France on the back of a humiliation by the far right. Instead, Mr. Macron, who became president at 39 in 2017 by being a risk taker, chose to gamble that France, having voted one way on Sunday, will vote another in a few weeks. “I am astonished, like almost everyone else,” said Alain Duhamel, the prominent author of “Emmanuel the Bold,” a book about Mr. Macron. “It’s not madness, it’s not despair, but it is a huge risk from an impetuous man who prefers taking the initiative to being subjected to events.”

Persons: Emmanuel Macron, Jordan Bardella, Macron, “, ”, Alain Duhamel, “ Emmanuel, Bold Organizations: National, of Locations: France

☆ Europe's climate ambitions thrown into doubt as Green vote collapses
▼ + stars: | 2024-06-10 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

That's significantly lower than the 71 seats the Greens/EFA secured when the green faction enjoyed its strongest ever showing five years ago. Nationalist and far-right parties — traditionally skeptical of climate issues — have also been vocal critics of green policies. Bas Eickhout Lead candidate for the Green PartyBas Eickhout, lead candidate for the Green Party, said that support for the far-right parties across the bloc could jeopardize Europe's progress on climate action. Green Deal 'cannot go back'Ahead of the vote, researchers warned that the outcome of the European elections was likely to put significant pressure on the European Green Deal, the region's showcase carbon neutrality program. Which means [the] Green Deal cannot go back, but we are prepared to give it this additional twist, which is a Green Deal, but taking care of the transitions," Marques told CNBC's Silvia Amaro.

Persons: Emmanuel Macron, —, we're, Eickhout, CNBC's Silvia Amaro, Ricarda Lang, Grünen, Terry Reintke, Omid, Reintke, Pedro Marques, Marques, Jorg Asmussen, Asmussen, CNBC's Annette Weisbach, John Macdougall Organizations: Afp, Getty, European Free Alliance, Greens, EFA, Democracy, European Union, European Conservatives, Social Democrats, Free Democrats, French, Union, Nationalist, Bas Eickhout, Green Party, Green, Green Deal, Socialist, Democrats Group, German Insurance Association Locations: The Hague, Germany, Austria, France, Bas, China, United States, Europe, European, Berlin's Columbiahalle, Denmark, Netherlands, Sweden, Finland, Croatia, Latvia, Slovenia, Lithuania, EU, den Linden, Berlin

☆ World War II veteran, 100, marries 96-year-old fiancée near Normandy’s D-Day beaches
▼ + stars: | 2024-06-10 | by ( Story The Associated Press | ) edition.cnn.com time to read: +5 min

But World War II veteran Harold Terens and his sweetheart Jeanne Swerlin proved that love is eternal as they tied the knot Saturday inland of the D-Day beaches in Normandy, France. Their respective ages — he’s 100, she’s a youngster of just 96 — made their nuptials an almost double-century celebration. “(The town of) Carentan was happy to host your wedding, and us, your wedding dinner,” he told the couple. Harold Terens and his 96-year-old bride, Jeanne Swerlin Terens, wave to a crowd following their wedding. On D-Day, Terens helped repair planes returning from France so they could rejoin the battle.

Persons: Harold Terens, Jeanne Swerlin, she’s, —, Terens, ″, “, Adolf Hitler’s, Loic Venance, Glenn Miller, “ oui ”, Carentan’s, ” Terens, Win McNamee, –, Emmanuel Macron, Joe Biden, ” Macron, Carentan, ”, Mayor Jean, Pierre Lhonneur’s, wasn’t, hadn’t, Jeanne Swerlin Terens, Louise, Jane Ollier, ’ ’ Ollier, Swerlin Organizations: Allied, Marais Town Hall, Getty, Army Air Forces Locations: Normandy, France, AFP, “, Ukraine, Gaza, Swerlin, Carentan, Florida, Europe, New York City, Brooklyn, Bronx, Britain, England

☆ Macron has taken a radical gamble that could backfire
▼ + stars: | 2024-06-10 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewFrench President Emmanuel Macron shocked the world on Sunday by calling a snap election in France. The move came after a big win for his rival Marine Le Pen's National Rally party at the European parliamentary elections. AdvertisementHowever, the snap election could likely end the current coalition, which comprises Macron's party, Renaissance, the Democratic Movement, Horizons, En commun, and the Progressive Federation. Macron may have to form a cohabitation government with a prime minister from an opposition party, such as the National Party or Les Republicains. AdvertisementRepresentatives for President Macron did not immediately respond to a request for comment.

Persons: —, Emmanuel Macron, There's, Daniel Hamilton, Johns Hopkins University SAIS, France's, Macron, I've, Pen, Alain Duhamel, Bruno Cautrès, Antonio Barroso Organizations: Service, Business, Foreign, Institute, Johns Hopkins University, CNBC, Guardian, Cac, Financial Times, Democratic Movement, Progressive Federation, National Party, Sciences Po Locations: France, Paris

☆ 'Huge political gamble': France's Macron calls for snap election his rival Le Pen could easily win
▼ + stars: | 2024-06-10 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +5 min

Chesnot | Getty Images News | Getty ImagesFrench President Emmanuel Macron's decision to call a snap national election after a surge for his far-right rivals is a high-stakes move and a huge political gamble, analysts say. Macron's decision to call a snap parliamentary vote comes after the right-wing National Rally (RN) party, led by Marine Le Pen, won around 31% of the vote in Sunday's European Parliament election. That was more than double the 14.6% seen for Macron's pro-European and centrist Renaissance Party and its allies. France's CAC 40 slumped 1.8% in the early hours of trading Monday morning with French banks trading sharply lower. "This is an essential time for clarification," Macron said in a national address Sunday evening as he announced his decision to dissolve parliament.

Persons: Emmanuel Macron, Emmanuel Macron's, Macron, Le Pen, Macron —, —, Daniel Hamilton, Johns Hopkins University SAIS, Antonio Barroso, Teneo, Barroso, Le, Douglas Yates, Yates Organizations: Getty, Getty Images, Marine, Sunday's, Renaissance Party, CAC, BNP, Societe Generale, Foreign, Institute, Johns Hopkins University, CNBC, Research, National Assembly, American Graduate School Locations: Chesnot, France, Paris

☆ CNBC Daily Open: Far-right makes gains in EU elections
▼ + stars: | 2024-06-10 | by ( Abid Ali | ) www.cnbc.com time to read: +4 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Populist, far-right parties also won record support in this year's European Parliament elections, exit polls indicated late on Sunday. No way, MuskNorway's $1.7 trillion sovereign wealth fund, Tesla's eighth-largest shareholder, will vote against Elon Musk's $56 billion pay package. Despite a recent 2% drop in Aramco's stock and pressures on global oil prices, the offering attracted strong international demand.

Persons: Emmanuel Macron, Pen, CNBC's Karen Gilchrist, Dow, Stocks, Musk, Kitty's, Keith Gill, Gill, Prince Mohammed bin, Aramco's, Morgan Stanley, there's Organizations: CNBC, Populist, Nasdaq, Dow Jones, Treasury, Elon Musk's, GameStop, Saudi, Nvidia Locations: Europe, freefall, Saudi Arabia, Aramco, Saudi

☆ In Germany, Far-Right Party Rises to 2nd Place in E.U. Election
▼ + stars: | 2024-06-10 | by ( Sarah Maslin Nir | Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

The right-wing Alternative for Germany party won a record number of votes in European Union elections on Sunday, in a sharp rebuke to Chancellor Olaf Scholz’s governing three-party coalition in Germany and a sign of the rightward political shift across the continent. The party, known as AfD, captured 16 percent of the vote, placing second behind Germany’s conservative Christian Democrats, which won 30 percent. It was AfD’s strongest showing in a nationwide election, and it came as Mr. Scholz’s coalition has reached record-low levels of popularity in the country, according to polls. A spokesman for Mr. Scholz has ruled out early elections. Describing her party’s showing a “major success,” Ms. Weidel said at a news conference in Berlin that the government was working against, not for, Germany.

Persons: Chancellor Olaf Scholz’s, Scholz’s, Alice Weidel, Mr, Scholz, Emmanuel Macron, ” Ms, Weidel, ” Organizations: Germany, Christian Democrats, “ Locations: Germany, France, Berlin

☆ French snap election 'akin to the Brexit vote,' Allianz economist says
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrench snap election 'akin to the Brexit vote,' Allianz economist saysLudovic Subran, chief economist at Allianz, says French President Emmanuel Macron has tied his future to the future of Europe after calling a snap election following steep losses for his party at the EU elections.

Persons: Ludovic Subran, Emmanuel Macron Organizations: Allianz Locations: Europe

☆ Euro slips to one-month low as Macron calls French election
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: +4 min

It was last down 0.24% at $1.0776 as investors weighed the implications of renewed political uncertainty in the euro zone's second-biggest economy in a key election year. "But the exchange rate is still more likely to be influenced by this week's U.S. inflation data and FOMC meeting." The jobs data led traders to once again shift their expectations of when the Fed will cut rates and by how much. Markets are now pricing in 36 basis points of cuts this year compared to nearly 50 bps — or at least two cuts — before the jobs data. U.S. inflation data is also due on Wednesday.

Persons: Emmanuel Macron, Macron, Mansoor Mohi, Uddin, Ryan Brandham, Jerome Powell, Marc Chandler, Sterling Organizations: European Union, Federal Reserve, Bank Of Singapore, European Central Bank, Reuters, North America, Validus Risk, Bannockburn Global, The Bank of Japan Locations: European, Asia, France's, U.S, ., Bannockburn, New York

☆ CNBC Daily Open: Far right gains in EU elections
▼ + stars: | 2024-06-10 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Far-right advanceFrench President Emmanuel Macron said he will dissolve parliament and call for a new legislative vote after his Renaissance party suffered a major defeat at the EU elections. Populist, far-right parties also won record support in this year's European Parliament elections, exit polls indicated late on Sunday. No way, MuskNorway's $1.7 trillion sovereign wealth fund, Tesla's eighth-largest shareholder, will vote against Elon Musk's $56 billion pay package.

Persons: Emmanuel Macron, Pen, CNBC's Karen Gilchrist, Dow, Stocks, Musk, Kitty's, Keith Gill, Gill, Korea's Kospi, Macron Organizations: CNBC, Populist, Nasdaq, Dow Jones, Treasury, Elon Musk's, GameStop, Nikkei, Markets, Nvidia, Apple Locations: Europe, freefall, Japan, Asia, Australia, Hong Kong, China

☆ European markets head for lower open after surge for right-wing parties in EU election
▼ + stars: | 2024-06-10 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

An employee enters sliding doors decorated with the stars of the European Union (EU) flag at the Berlaymont building, headquarters of the European Commission (EC), in Brussels, Belgium, on Tuesday, Jan. 28, 2020. LONDON — European stocks are expected to open lower Monday as traders react to initial results from the EU Parliament elections which suggest far-right parties have surged in popularity. The U.K.'s FTSE index is seen 57 points lower at 8,193, Germany's DAX 45 points lower at 18,507, France's CAC 40 down 45 points at 7,952 and Italy's FTSE MIB 60 points lower at 34,629, according to IG. Regional markets will be focused on the results of EU parliamentary elections, which took place over the last few days. The EU election drama was rounded off Sunday evening when French President Emmanuel Macron called snap parliamentary elections later this month after suffering a heavy defeat in the EU vote.

Persons: Germany's DAX, Emmanuel Macron Organizations: European Union, European Commission, LONDON, CAC, IG, Regional Locations: Brussels, Belgium, Britain, EU

☆ France’s Macron bets big and stares down the far right
▼ + stars: | 2024-06-10 | by ( Saskya Vandoorne | Joseph Ataman | ) edition.cnn.com time to read: +8 min

When Jordan Bardella, the leader of the far-right National Rally party, called on Macron to dissolve the French national parliament on Sunday night, it seemed like political posturing, riding high on his victory in European polls. Calling the far right’s bluffMacron will try to rally the right and left, urging their supporters to come together and vote against the far right, but there’s no knowing if it’ll pay off. The last time a French president dissolved the country’s lower house, the National Assembly, was in 1997. French far-right leader Marine Le Pen arrives at the National Rally party headquarters on Monday, June 10, 2024 in Paris. This could see voters of different stripes banding together to oppose a candidate from the far right.

Persons: parry, Emmanuel Macron, Jordan Bardella, ”, Macron, Jacques Chirac, Stephane Séjourné, Séjourné, ” Manon Aubry, Jean, Luc Mélenchon, Marine Le Pen, Thomas Padilla, Le Pen, Pen, Bruno Le Maire, Hannah McKay, he’ll, It’ll, ” Macron, Bardella, Yaël Braun Organizations: Paris CNN, National Assembly, French, Radio France, France, National Rally, French Finance, National, RTL, Getty, Macron’s, “ Locations: France, Republic, Macron, Gaza, Paris, Europe, Macron’s, Le Touquet

☆ France's Macron calls for snap election after losing big to the far right in EU vote
▼ + stars: | 2024-06-09 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

French President Emmanuel Macron on Sunday said he would dissolve the country's parliament and call for a new legislative nationwide vote after suffering a heavy defeat at EU elections. After requesting that Macron call an election, Le Pen welcomed the news, saying on X: "We are ready for it." It's a risky move by Macron, who could be left with no control over France's domestic issues if RN wins a parliamentary majority. The first round of the parliamentary election will take place on June 30, with the second round on July 7, Macron said. The center-right European People's Party (EPP) is once again projected to win the most parliamentary seats, however, with slightly more seats than before.

Persons: Emmanuel Macron, Macron, Le Pen, isn't, — CNBC's Charlotte Reed Organizations: EU, France TV, Macron's, CNBC, European People's Party, EPP Locations: Elysee, Paris, France

President Emmanuel Macron of France, battered by a crushing defeat to the extreme right in European elections, dissolved the lower house of Parliament on Sunday and called for legislative elections beginning on June 30. His decision, announced in a television broadcast to the nation, was a measure of the devastating nature of the European Parliament election result, which gave the National Rally, led by Marine Le Pen and her wildly popular protégé, Jordan Bardella, about 31.5 percent of the vote, to about 15.2 percent for Mr. Macron’s Renaissance party. It became the leading party in France by some distance. “The rise of nationalists and demagogues is a danger for our nation and for Europe,” Mr. Macron said. But the political winds have turned in favor of less Europe, not more.

Persons: Emmanuel Macron, Jordan Bardella, ” Mr, Macron, ” Organizations: National, Marine, European Locations: France, Europe, European Union

☆ Far Right Surges in European Parliament Elections, Early Data Shows
▼ + stars: | 2024-06-09 | by ( Matina Stevis-Gridneff | ) www.nytimes.com time to read: +1 min

Elections in 27 countries for the European Parliament ended on Sunday, with early projections giving far-right parties a strong showing, a result that, if confirmed, would amount to a powerful gauge of voter dissatisfaction and a stinging rebuke for the political mainstream. The balloting indicated that the prevailing winds had grown decidedly chill for Europe’s political establishment. The results are likely to make it harder for the European Parliament to form majorities to pass laws, and would render negotiations over divisive issues even tougher. More broadly, they underscored that the momentum of the far-right forces that have been expanding their challenge to centrists over the past decade had yet to crest. The results were especially crushing for President Emmanuel Macron of France, who on Saturday night hosted President Biden at a state dinner in Paris.

Persons: bode, Emmanuel Macron, Biden Organizations: of Locations: France, Germany, Paris

☆ Macron calls snap parliamentary election after crushing loss to far-right in European election poll
▼ + stars: | 2024-06-09 | by ( Niamh Kennedy | Christian Edwards | ) edition.cnn.com time to read: +3 min

Within an hour, Macron made a national address, announcing he would dissolve the French lower house and hold parliamentary elections. In the capacity of the French people to make the most just decision,” the French president added. Macron and the First Lady Brigitte Macron at the Touquet polling station, for the European elections, June 9, 2024. Stephane Lemouton/SIPA/APUnder the French system, parliamentary elections are held to elect the 577 members of the lower house, the National Assembly. The last time a French president dissolved parliament was in 1997, which led to Jacques Chirac losing his majority and ushering the Socialists into power under Lionel Jospin.

Persons: CNN —, Emmanuel Macron, Jordan Bardella, “, ” Bardella, Macron, ” Macron, Brigitte Macron, Stephane Lemouton, –, ”, Le Pen, Jacques Chirac, Lionel Jospin Organizations: CNN, National Assembly, Sunday, Socialists, Assembly, Trust, Macron’s

☆ Far-right, nationalist parties gain strong support in European Parliament election
▼ + stars: | 2024-06-09 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewEarly results for the European Union's parliamentary elections reveal a surge in support for far-right and nationalist parties, according to multiple reports. AdvertisementAP noted that since the 2019 European Parliament elections, far-right politicians have led in Hungary, Italy, and Slovakia and are part of ruling coalitions in Sweden, Finland, and the Netherlands. The parties have gained support in large part due to anti-immigration and anti-LGBTQ+ sentiment, as well as policies focused on nationalism and identity, The Times reported. Representatives for the European Parliament did not immediately respond to a request for comment from Business Insider.

Persons: —, Emmanuel Macron, Marine, Pen, Macron's, Macron, Olaf Scholz Organizations: Service, European, EU, The New York Times, Business, Sunday, France's National Assembly, National, Street, Associated Press, Germany's Social Democratic, Times, European Union Locations: France, Germany, France's, Italy, Belgium, Austria, Hungary, Slovakia, Sweden, Finland, Netherlands, Ukraine, Russia

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