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By no means am I interested in tackling any impact policy differences may have upon non-market related subjects. Monetary policy So let's begin with monetary policy. Fiscal policy Now let's turn to fiscal policy. Trade policy Trade policy is easy. Regulatory policy Finally, the big kahuna, regulatory policy.
Persons: Donald Trump, Joe Biden, Clinton, Christopher Waller, Michelle Bowman —, Jerome Powell, Janet Yellen, Powell, Biden, Lisa Cook, Philip Jefferson, Bill Dudley's, Covid, Trump, Cato, Stocks Organizations: Trump, Federal Reserve, Fed, Trump Fed, Bloomberg, Democratic, Heritage, AEI, Biden Locations: China
London CNN —London’s stock market has edged ahead of its rival in Paris as fears grow over the outcome of France’s looming parliamentary elections. The first round of the French elections is scheduled for June 30, followed by a second round on July 7. Hubert de Barochez, a senior market economist at consultancy Capital Economics, said investors might be concerned that a parliament run by the National Rally would penalize banks. In contrast with the political and financial turmoil in France, UK financial markets are “relatively stable,” said Rudolph at IG Group. Credit ratings agencies are already keeping a close eye on France, one of the EU’s three most-indebted countries.
Persons: Emmanuel Macron, Axel Rudolph, you’ve, , OpinionWay, Macron, Hubert de Barochez, Rudolph, Richard Hunter, Mohit Kumar Organizations: London CNN, Bloomberg, CAC, FTSE, European Union, , CNN, National, BNP, Credit, Capital Economics, IG Group, Labour Party, Interactive Investor, National Rally, Jefferies Locations: Paris, France, United Kingdom, Europe’s, Britain
French stocks are likely to take a further beating from political risk in the weeks and months ahead, but the impact will be focused in certain areas, according to strategists at Goldman Sachs. Along with an equity sell-off, borrowing costs climbed and the spread between French and German 10-year bond yields widened by 25 basis points. Goldman strategists expect that spread to remain wide in the coming weeks. "This would likely maintain the pressure on French domestic stocks, especially Banks, which are highly sensitive to sovereign spreads," Goldman strategists said in a research note published Friday. French domestic big names include supermarket chain Carrefour , construction firm Vinci and utility Engie , while its internationally oriented juggernauts include the likes of LVMH , L'Oreal and Remy Cointreau .
Persons: Goldman Sachs, Liz, Goldman, Banks, Vinci, Remy Cointreau Organizations: CAC, L'Oreal Locations: Carrefour
Commuters crossing a junction near the Bank of England (BOE), left, in the City of London, UK, on Wednesday, May 8, 2024. Photographer: Hollie Adams/Bloomberg via Getty ImagesLONDON — European markets are set to open mixed as investors attempt to shake off negative sentiment from last week and look ahead to the latest interest rate decision from the Bank of England. Investors are looking ahead to the Bank of England's policy rate decision on Thursday. In Asia-Pacific, markets were mixed on Monday as the region assesses key economic data out from China. U.S. stock futures were little changed on Monday morning as traders start a holiday-shortened week.
Persons: BOE, Andrew Bailey, Hollie Adams, Emmanuel Macron's Organizations: Bank of England, City of, Bloomberg, Getty, CAC, Bank of, Reuters Locations: City, City of London, Italy, Asia, Pacific, China . U.S
“It’s a bit like God’s waiting room.”But Clacton is the front line of Britain’s migration debate. The Reform leader uses divisive language on migration, warning supporters of what he calls an "invasion" of asylum seekers. Despite years of tough rhetoric and policies aimed at deterring the arrival of asylum seekers – devised largely to placate Farage’s supporters – Britain’s asylum system is creaking. Laws prevent most asylum seekers from working, so while taxpayers fund their accommodation, they cannot contribute formally to the economy. That could widen even further the chasm in understanding between his voters and Britain’s asylum seekers, experts fear.
Persons: ” Danny Botterell, Nigel Farage, BEN STANSALL, Donald Trump, Nigel, ” Botterell, , Farage, ” Farage, , Rob Picheta, CNN Britain’s, Rishi Sunak’s, ” Zoe Gardner, “ Farage, “ They’ll, , Louise Brockwell, Danny Botterell, David Cameron –, Europe –, Sunak, Cameron, Farage’s, ted Britain’s, France –, ” Gardner, Masood, they’re, ” Masood, Brexit, Douglas Carswell, ” Carswell, ” “ There’s, Carswell, Bob Brace, Farage's, hasn’t, Jack, can’t, you’re, Bridget Tyril, Roy Whitehead, Keir Starmer, “ It’s, they’ve, Karen French, “ I’ve, He’s, James Johnson, Theresa May’s, pollster, Queen Elizabeth II, restauranter Dean Coles, Jehosh, Gardner Organizations: England CNN —, Seagulls, CNN, Getty, Clacton, Labour, Brexit Party, Tories, Jays, Sky News, Times, Home Office, Conservative, UKIP, EU, Brexit, Mississippi Center for Public, John, People, Trump, Downing, Partners, , Conservatives Locations: Clacton, England, Clacton Pier, Europe, , London, , AFP, United States, Britain, Westminster, India, France, Bibby Stockholm, Kent, Afghanistan, UAE, Essex, Jaywick, It’s France, Netherlands, Germany
Reuters —The African National Congress has agreed to form a government of national unity for South Africa with three other parties including its largest rival, the pro-business Democratic Alliance, public broadcaster SABC reported on Friday. The SABC report came as the newly elected parliament was convening for the first time and lawmakers were in the process of being sworn in. The chamber will later elect its speaker, deputy speaker and the country’s president. SABC said the unity government would include the ANC, the DA, the socially conservative Inkatha Freedom Party and the right-wing Patriotic Alliance. The session was taking place in a Cape Town convention centre as the parliament complex was damaged by fire in 2022.
Persons: , Sihle Zikalala, John Steenhuisen, Cyril Ramaphosa, Raymond Zondo, Helen Zille, Ramaphosa, , Jacob Zuma Organizations: Reuters, African National Congress, Democratic Alliance, SABC, ANC, DA, Freedom Party, Patriotic Alliance, National Assembly, Fighters, Party, IFP, The Patriotic Alliance, Capital Economics, EFF, MK, , Economics Locations: South Africa, Cape Town, London, policymaking
Jordan Bardella, President of the National Rally (Rassemblement National), a French nationalist and right-wing populist party, speaks to over 5,000 supporters on June 9th, at Le Dôme de Paris. French stocks plunged on Friday, with the country's blue-chip index heading for its worst week in more than two years, as investors weigh a potential far-right victory in the upcoming parliamentary elections. A volatile week kicked off in French politics, as President Emmanuel Macron called a snap election last Sunday. The president's decision came after the far-right National Rally party won a historic 31.37% of the French vote for the European Parliament, more than double the 14.6% won by Macron's own Renaissance party. The French leader has since said that he will not step down as president if National Rally makes significant gains in the French legislature, handing them control over economic policy and other domestic issues.
Persons: Jordan Bardella, Emmanuel Macron, Macron's Organizations: National, CAC Locations: French, Le, Paris, London
Europe stocks head for higher open to round off choppy week
  + stars: | 2024-06-14 | by ( Jenni Reid | ) www.cnbc.com   time to read: +1 min
This picture taken in Paris on March 3, 2024 shows the silhouette of the Eiffel Tower and the city skyline against a cloudy weather. The Stoxx 600 index is nonetheless on course for one of its worst weeks of the year so far. Stateside, two sets of inflation data — the consumer price index and the producer price index — both came in softer than expected, boosting U.S. stocks. Between those readings, the Federal Reserve held interest rates steady and revised its outlook for interest rate cuts to just one in 2024. The start of the week was dominated by market reaction to elections to the European Union's parliament, in which far-right parties made gains, as had been forecast.
Persons: Stefano RELLANDINI, STEFANO RELLANDINI, Germany's DAX, Emmanuel Macron's Organizations: Eiffel, Getty, CAC, Federal Reserve, spooked Locations: Paris, AFP
The official results from national elections last month just don’t add up for Mbalenhle Mthethwa, a loyal adherent of a new political party led by Jacob Zuma, South Africa’s former president. “The elections were not free and fair,” she said, echoing the stolen-election narrative advanced by Mr. Zuma. Ms. Mthethwa, a 38-year-old chef, lives in a township near the coastal city of Durban and has been out of work for the past four years. Mr. Zuma, 82, whose nine years as president were marred by allegations of corruption and looting of state coffers, has taken a page from the playbook of populist leaders of recent years — notably in the United States and Brazil. Vote-rigging claims in other nations have resulted in chaos, and South Africans will get a first look at how things might unfold on Friday, with Mr. Zuma’s party, uMkhonto weSizwe, known as M.K., vowing to boycott the first sitting of the newly elected Parliament.
Persons: Mbalenhle Mthethwa, Jacob Zuma, South, , , Zuma, Mthethwa, Mr, uMkhonto weSizwe Organizations: Mr Locations: Durban, United States, Brazil
Vance’s best-selling memoir, “Hillbilly Elegy,” made him one of America’s leading interpreters of Trumpism, offering a personal narrative of populism’s origins in working-class disarray. The Vance of eight years ago was read with appreciation and gratitude by Trump opponents looking for a window into populism. The Vance of today is despised and feared by many of the same kind of people. His transformation is one of the most striking political stories of the Trump era, and one that’s likely to influence Republican politics even after Trump is gone. He also offered a combative (and, to my mind, fundamentally unsupported and unpersuasive) defense of Trump’s conduct after the 2020 election.
Persons: Vance’s, , Vance, Donald Trump, Trump Organizations: United, Trump, Ukraine Locations: United States, Ohio
“They’re both promising not to tackle the debt,” Ryan said, coming back to the issue that has animated his political career. Trump wants to extend all of the tax cuts, which could further explode the debt without corresponding spending cuts. When Trump and Republicans enacted the current tax structure, they made individual tax cuts temporary and most of the corporate tax cuts permanent. Biden has proposed additional taxes on those making more than $400,000 to address Medicare’s solvency, among other ideas, but does not have a detailed Social Security plan. The dirty little secret in all of this is, Medicare and Social Security are going insolvent on their own.
Persons: Donald Trump, Paul Ryan, he’ll, Trump, , Ryan, Republican –, , ” Ryan, Sen, Mitt Romney, “ They’re, Joe Biden, Biden, Barack Obama, CNN’s Tami Luhby, What’s, won’t, Alan Greenspan, Obama, Republican Sen, Alan Simpson, Erskine Bowles Organizations: CNN, Trump, Republican, Fox News, Social Security, Democrats, Affordable, Biden, Republicans, Democratic, American, Treasury, Medicare, Fox, Federal, White House, National Commission Locations: Wisconsin, Trump, Luhby
Rarely has the yearly gathering of the world’s leading economies been so overshadowed by the political vulnerabilities of nearly all its members. She emerged as the only European G7 leader bolstered by last week’s European Parliament elections. “I am proud that Italy will present itself to the G7, to Europe with the strongest government of all. The leaders of France and Germany are contending with very different sets of political circumstances. Whether it is Trump at the G7 table next year or Biden is among the great unknowable questions hanging over the gathering.
Persons: Joe Biden’s, Donald Trump, Emmanuel Macron, don’t, Jake Sullivan, Sullivan, Biden, , , Volodymyr Zelensky, Zelensky, , Josh Lipsky, Giorgia Meloni, Meloni, Trump, Brothers, ” Meloni, Rishi Sunak, Canada’s Justin Trudeau —, Japan’s Fumio Kishida, who’s Organizations: CNN, Parliamentary, National Assembly, , Ukraine, GeoEconomics, Atlantic Council, Italian, United, Conservative Political, Conference, Reuters, Trump Locations: Italy, Puglia, France, United Kingdom, United States, Paris, Ukraine, Russia, Kyiv, it’s, China, India, Brazil, Turkey, United Arab Emirates, Europe, Germany, Britain, Sicily, haggling, Quebec, Biarritz
Donald Trump pictured with right-wing British politician Nigel Farage during a campaign rally at the Mississippi Coliseum on Aug. 24, 2016. LONDON — Supporters of U.S. presidential candidates Donald Trump and Joe Biden will put their money where their mouths are at two rival fundraising events in London on Wednesday. "It seems to be the worst kept secret in London," Greg Swenson, spokesperson for Republicans Overseas UK, a campaign group for Trump's party, told CNBC over the phone. In the days after a Manhattan jury convicted the former president of 34 felony counts last month, the Trump campaign said it raised $141 million in donations. The pair have been visibly associated with Trump and Farage since at least April 2022, when Farage tweeted a picture of the group after a meal at Mar-a-Lago.
Persons: Donald Trump, Nigel Farage, Joe Biden, Donald Trump Jr, Kimberly Guilfoyle, Holly Valance, Nick Candy, Greg Swenson, Swenson, Trump, Farage, Matthew Elliott, Valance —, Organizations: Mississippi Coliseum, LONDON, U.S, Fox News, Republican, Republicans Overseas UK, CNBC, Trump, Reform, Financial Times, Guardian, Reform UK Locations: British, London, Australian, Chelsea, Knightsbridge, U.S
He’s poised to become the next prime minister if the French president loses his gamble in the upcoming snap election. Bardella, the National Rally party leader, grew up an only child in social housing in Seine-Saint-Denis, a working-class suburb in the northeast of Paris. Le Pen handpicked the young politician to head the party in 2022 – ending a 50-year-rule by the Le Pen dynasty – and bring a fresh boost to the French populist right. Le Pen, a self-described Bardella groupie, has said she’s always been a great admirer of his and that he shows great maturity. Bardella and Le Pen attend the National Rally party's Congress in Paris, France, November 5, 2022.
Persons: Jordan Bardella, Emmanuel Macron’s, He’s, Denis, ” Bardella, , Macron, Le Pen, Le, Marine’s, Jean, Marie Le Pen, Bardella, Jeff Pachoud, Dominique Moisi, , relatable, Luc Mélenchon, Critics, Eric Ciotti, France’s, Pen, Bardella –, , she’s, Christian Hartmann, Emma Leyo Organizations: Paris CNN —, National Rally, Sorbonne, France, National, Macron’s, BFMTV, Republicans, Rally party's Locations: French, Seine, Paris, France, AFP, East, Africa
Pa Images | Getty ImagesLONDON — British technology executives and entrepreneurs want the next government to focus on promoting skills around the development and use of artificial intelligence and growth-oriented fiscal measures. Upskilling in an AI ageOne thing U.K. tech executives are pushing for is fostering innovation in artificial intelligence and cultivating citizens' grasp on AI-centric skills — across multiple generations. Last month, dozens of business executives, entrepreneurs, and investors signed an open letter stating their support for Labour in the upcoming election. Leon Neal | Getty Images News | Getty ImagesSignatories included several influential names in the world of U.K. tech: Wikipedia founder Jimmy Wales, Founders Forum co-founder Jonathan Goodwin, and Atom Bank CEO Mark Mullen. Tech bosses CNBC spoke with found themselves unable to point to specific policies and plans from either of the main political parties.
Persons: Rishi Sunak, Sir Keir Starmer, Keir Starmer, Zahra, Salesforce, Einstein, Astro, Matthew Houlihan, Rachel Reeves, Angela Rayner, Leon Neal, Jimmy Wales, Jonathan Goodwin, Mark Mullen, Sunak, Liz Truss, Jeremy Hunt, Danny Lawson, Rishi Khosla, Khosla Organizations: Conservatives, Labour Party, LONDON, it's, Labour, CNBC, Innovation, Cisco, coy, Centre, Getty, Founders Forum, Atom Bank, BAE Systems, Tech Locations: Downing, Salesforce's, Europe, Purfleet, United Kingdom, Ukraine, British, Barrow, Furness, England
What a shock then – and coming days after the 80th anniversary of D-Day - that many German first-timers threw their votes disproportionally behind the far-right Alternative for Germany (AfD) party. Paul HockenosWhat a shock then – and coming days after the 80th anniversary of D-Day — that many German first-timers threw their votes disproportionally behind the far-right Alternative for Germany (AfD) party. A full 95% of German AfD voters said Germany should limit the flow of foreigners and refugees into Germany. Not exactly the credentials of a party you would think would appeal to the next generation of German voters. But they must vent this pique constructively, as the extreme right has no answers to these problems (which, oddly, I’ve heard hard right voters say they recognize.)
Persons: Paul Hockenos, , Read, “ We’ll, Paul Hockenos Hayyan, , Maximilian Krah, weren’t, Adam Berry, doesn’t, , it’s, I’ve Organizations: Berlin CNN, European Union, verve, Greens, Parliamentary, Christian Democratic Union, Christian Social Union, CDU, CSU, SS, Democracy, Nazi, BBC Locations: Berlin, Europe, New Berlin, Austria, Belgium, Malta, Greece, Germany, Hamburg, Deutschland, Portugal, Italy, Sweden, Netherlands, France
US voters don’t take direction from foreigners, and American presidential elections, which play out state by state, are far different from those for the European Union. Another lesson of the European elections is that in an age of inflation, incumbents are vulnerable to a disgruntled electorate. French President Emmanuel Macron and German Chancellor Olaf Scholz are smarting from their rebuke in European elections that rewarded far-right parties that echo the continent’s dark past. Canadian Prime Minister Justin Trudeau’s low approval ratings mean he might not even lead his Liberal Party into elections due by the end of next year. Macron, who heads a centrist party that was routed in the European elections, may be betting that the higher turnout in legislative elections could reverse the trend.
Persons: CNN —, Donald Trump’s, Hillary Clinton’s, Joe Biden, Trump, Biden, he’ll, Emmanuel Macron, Olaf Scholz, Justin Trudeau’s, Rishi Sunak, Macron, Le Pen, Jordan Bardella, Le Pen’s, ” He’s, Organizations: CNN, European Union, Canadian, Liberal Party, British, Conservative, “ Make, GOP, Labour Party, Trump, National Rally, Paris Locations: Britain, Europe, Italy, Poland, Normandy, EU
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
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
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
Global stocks, as measured by the MSCI World Index, are up nearly 10% year-to-date. "I see election risks as one of — if not the biggest — risks to markets in the second half of the year." Why international stocks will best the USInvestors should hedge against the potential downsides of populism and geopolitical conflicts by owning a diverse basket of international stocks, Kleintop said. If that pattern holds, foreign firms will take the baton from US equities, which have mostly led global markets since the financial crisis. Advertisement"I wouldn't say that you would want to abandon US equities, or even abandon some of those high-flying tech or AI-related stocks," Kleintop said.
Persons: , Jeffrey Kleintop, Charles Schwab's, Kleintop, that's, Donald Trump, it's, isn't, Tesla, we've, He'd Organizations: Service, Business, Apple, Meta, Microsoft, Nvidia, International Locations: Europe, United Kingdom, globalism, India, Mexico, Asia, Russia, Ukraine
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
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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFar right makes strong gains in EU elections as center holds majorityPopulist, far-right parties won record support in this year’s European Parliament elections, according to provisional results on Monday. CNBC has the full break down.
Organizations: CNBC
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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