On July 8, the results of the French general election led to a hung parliament, with none of the major parties gaining a majority, which could affect the passage of new legislation, including cryptocurrency regulations. The left-wing coalition "New Popular Front" won 188 seats, becoming the biggest winner, but failed to reach a majority of 289 seats. President Macron's centrist coalition won 161 seats, while Marine Le Pen's far-right National Union won 141 seats. Mark Foster, head of European Un...
On July 1st, European stocks opened sharply higher. France's CAC 40 index rose 2.6%, Germany's DAX index rose 1%, the European Stoxx 50 index rose 1.6%, and the British FTSE 100 index rose 0.59%. Data show that the lead of the French far-right party "National League" is not as large as the pre-election polls show.