French election: markets complacent for Macron victory, but game is not yet won

April 12, 2022
  • First round voting aligned to expectations: most commentators and pollsters had anticipated a showdown between Macron and Le Pen in the second round of the French Presidential elections. While the general picture has been confirmed, the difference is in the detail, with Mélenchon outperforming forecasts and Pécresse coming in below expectations. The turnout was low compared to the average, largely due to abstention by younger voters.

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