Weekend Briefing: Olympics strain and a snap election put France in an uncertain spot
Financial stock prices in France were down when Macron first announced the election as investors predicted gridlock and market disruption. However, they bounced back earlier last week when pollsters first began reporting results. But analysts are still predicting a chaotic time ahead for France’s finances. Multiple potential scenarios — including a hung parliament, where no party has a majority, and a reversal of reforms made by Macron, like lowering France’s retirement age — could spook investors more than they already are.