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French stocks and the euro boosted by election results
  + stars: | 2024-07-01 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +1 min
London CNN —French stocks and the euro rallied Monday after results from the first round of elections suggested the far right will inflict a heavy defeat on President Emmanual Macron but fall short of winning an outright majority in parliament. France’s CAC 40 index, which represents 40 of the biggest companies listed in Paris, rose 2.7% at the open. The euro, which tumbled after Macron called the snap election on June 9, touched the strongest level against the dollar in more than two weeks. Macron’s Ensemble alliance slumped to a dismal third with 20.76%, according to final results published Monday by France’s Interior Ministry. “The immediate reaction is one of a relief rally.”This is a developing story and will be updated.
Persons: Emmanual Macron, Macron, Le, ” Mohit Kumar, Jefferies, Organizations: London CNN, Popular Front, France’s Interior Ministry Locations: Paris, Europe
Left-wing and centrist parties in France are scrambling to block the rival National Rally from winning the ongoing parliamentary election, according to analysts, after support for the far-right faction surged in the first electoral round on Sunday. Figures posted on Monday morning by the French Interior Ministry showed that the far-right National Rally (RN) and its allies had secured a combined 33.1% of votes, while the left-wing New Popular Front (NFP) alliance won 28% and French President Emmanual Macron's centrist Together bloc garnered 20%. The outcome of the first round of the election has led to discussions from left-wing and centrist politicians about how to minimize the amount of parliamentary seats secured by the RN in the second round of voting on July 7. "Our objective is clear: to prevent the National Rally from having an absolute majority in the second round, from dominating the National Assembly and from governing the country with the disastrous project that it has," French Prime Minister Gabriel Attal, a Macron ally, wrote on social media platform X late on Sunday according to a CNBC translation. "I say it with the force that the moment demands to each of our voters: not a single vote must go to the National Rally," he added.
Persons: Danielle Simonnet, NUPES, LFI, Celine Verzeletti, Jean Luc Melenchon, Emmanual, Gabriel Attal Organizations: La France, National Rally, French Interior Ministry, Front, National Assembly, CNBC, National Locations: Paris, France
CNN —Allegations that three boys gang-raped a 12-year-old Jewish girl in northern France have triggered an outcry over surging antisemitism in the country, a key issue in the looming French parliamentary elections this month. The Nanterre prosecutor’s office announced Wednesday that it has launched an inquiry into the alleged “aggravated rape” of a minor, after receiving “reports from a 12-year-old girl” of the incident on June 15. The third boy has been placed under “assisted witness” status in relation to the alleged rape, the prosecutor added. The alleged attack took place as the girl tried to return home after meeting a friend. Protesters carried placards with slogans such as “Raped at 12 because she was Jewish,” and “Anti-Semitism is not residual,” and listened to speeches from Jewish rights activists in attendance.
Persons: Emmanual Macron, , BFMTV, Gerald Darmanin, Jordan Bardella, ” Bardella, Pen, Emmanuel Macron, André, Gabriel Attal, Jean, Luc Melenchon, ” Attal, ” Melenchon Organizations: CNN, French, Senate, National Rally, Getty, TF1, BFMTV, Conseil, juives de Locations: France, Nanterre, Gaza, Elysee, Paris, Israel, Paris’s, juives, juives de France
In Paris, an estimated 105,000 demonstrators joined the march, making it the largest mobilization against antisemitism since the protest against the desecration of the Jewish cemetery in Carpentras in 1990, according to CNN affiliate BFM TV. Protesters were joined in the French capital by political figures including Prime Minister Elisabeth Borne and former presidents Francois Hollande and Nicolas Sarkozy. Tensions have been rising in France, and particularly in the capital, over the Israel-Hamas war, resulting in a surge in antisemitic incidents, according to French President Emmanual Macron. Pro-Palestinian rallies in EuropeThe marches against antisemitism in France came as pro-Palestinian demonstrators also rallied in multiple European capitals over the weekend. A pro-Palestinian demonstration also took place in Germany’s financial capital Frankfurt on Sunday, as well as in Barcelona and Brussels on Saturday.
Persons: Elisabeth Borne, Francois Hollande, Nicolas Sarkozy, Emmanual Macron, Macron, , ” Macron, Issac Herzog Sunday, Macron’s, Penny Wong, , Israel, Matt Twist Organizations: CNN, BFM TV, Protesters, BBC, Hamas, Corner, Police Locations: France, Israel, Paris, Carpentras, Republic, Nice, Lyon, Marseille, Gaza, Elysee, Australia, Europe, London, London’s Hyde, Palestine, Frankfurt, Barcelona, Brussels
France and the UK agreed to postpone King Charles III's scheduled state visit. The visit was delayed because of turmoil in France over plans to increase the pension age by two years. France is raising its state pension age from 62 to 64. Protests in France over Macron's plan to raise the pension age by two years have become more violent in recent days. Major tourist attractions, including the Eiffel Tower and the Palace of Versailles, where Charles was scheduled to have a state dinner, were also closed on Thursday.
Meloni leads the Brothers of Italy Party (Fratelli d’Italia, or FdI), a populist party with roots in Italy’s post-war fascist movement. From left, The League's Matteo Salvini, Forza Italia's Silvio Berlusconi, and Brothers of Italy's Giorgia Meloni attend the final rally of the center-right coalition in Rome on Thursday. Meloni’s office and the Brothers of Italy Party did not answer requests for comment by NBC News. Clashes between protesters and police close to a rally held by election frontrunner Giorgia Meloni on Tuesday in Palermo, Sicily. And now it’s happening with Giorgia Meloni,” he said.
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