French Parties Move to Block Le Pen in Final Election Stretch

-- President Emmanuel Macron ’s centrist alliance and the left-wing New Popular Front have until this evening to strategically pull candidates from France’s final round of voting Sunday in a last-ditch effort to keep a dominant far-right out of power.‘Upflation’ Is the Latest Retail Trend Driving Up Prices for US ConsumersThe deadline for candidates to file papers to enter the second round is 6 p.m. on Tuesday.

In his quest for an absolute majority in parliament, Bardella called on voters to rally behind his party’s candidates in the second round on Sunday, even reaching out to“moderate left-wing voters who don’t accept extremism and radicalism.” For his part, Attal asked all groups to join forces to block the far right from winning an outright majority. He sought a “pluralistic National Assembly” that would unite parties from the right and the left that would work on legislation “bill by bill.

The far-right party and its allies would need 289 seats for an outright majority. They won or made it to the second round in 485 districts out of 577. Their candidates came first or were elected in 297 of them, according to Franceinfo radio. Macron’s Renaissance party said it would pull candidates where they placed third to help those who respect “the values of the republic” beat the far right. There’s a caveat though — the far-left France Unbowed, which is part of the New Popular Front alliance, has proposed a raft of spending that would flout European Union budget rules and potentially alarm investors.

“We do not fight the RN with the values of France Unbowed,” Le Maire said, referring to the National Rally’s French acronym. Asia lagged what was a pretty solid start to the new quarter for global stocks on Monday, and the steep rise in U.S. Treasury yields suggests it will be difficult session again on Tuesday for regional equities and emerging assets more broadly. The 10-year U.S. yield jumped 13 basis points to 4.

Marine Le Pen Bloomberg Gabriel Attal New Popular Front Jordan Bardella Absolute Majority Emmanuel Macron Popular Front Candidates Le Monde

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