MACRON’S APPROVAL DROPS JUST TWO DAYS BEFORE THE FRENCH ELECTIONS

Fri 28 June 2024:

Support for Macron dropped 6 points to 36%, the worst showing since March, according to Toluna-Harris Interactive poll for LCI TV published on Friday, Bloomberg reported.

Separate polls are putting National Rally on course to be the biggest group in the lower house of parliament, with Bloomberg’s poll of polls projecting it will get 36.2% support in Sunday’s vote. A left-wing alliance called the New Popular Front would get 28.3% while Macron’s centrist group would get 20.4%.

Macron dissolved the National Assembly earlier this month and called a snap vote after his group was trounced in European Parliament elections, a decision that initially led to the worst bond rout since the sovereign debt crisis and wiped almost $200 billion off the value of stocks.

On Friday, France’s 10-year bond yield rose as much as six basis points to 3.33%, it’s the highest level since November.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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