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What EU election results and far-right surge mean for markets - in charts

2024-06-11 09:27:48       source:Reuters

June 11, 2024

June 10 (Reuters) - Gains for the far-right in European Parliament elections that prompted French President Emmanuel Macron to call a shock national vote puts the focus squarely back on political risks in Europe that financial markets had long put on the backburner.

The euro, French stocks and government debt were all hurt on Monday as investors assessed whether the far-right can repeat their success in French elections and how much sway far-right parties can have on the new European Union executive.

"Further economic integration will be slowed down instead of being accelerated," said Carsten Brzeski, global head of macro at ING, referring to the EU's rightward shift.

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