Left-wing New Popular Front coalition leads in French parliamentary run-off vote, early knowledge reveals

LONDON — France’s left-wing New Popular Front coalition is set to unexpectedly win the most seats in the second round of the country’s parliamentary election but fail to clinch an absolute majority, early data showed.

The New Popular Front — an alliance of five parties ranging from the far-left France Unbowed to the Socialists and the Ecologists — could secure between 180 and 215 seats in the latest electoral round, according to an IFOP estimate for French broadcaster TV 1. Ipsos projected a lead of between 172 to 192 seats for the faction.

French President Emmanuel Macron’s Ensemble party and its allies were set to gain between 150 and 180 seats, according to IFOP, while far-right Rassemblement National — which won the first round of elections and was widely seen as likely to retain a strong momentum in the runoff vote — seen in third place with 120-150 seats.

None of the parties have accrued the necessary absolute majority of 289 seats to rule alone, suggesting markets could open on Monday to a hung parliament in Europe’s third-largest economy, if the Sunday results are confirmed.

An initial ballot suggested RN would become the largest party in France’s National Assembly but, in the last week, factions on the center-right and left joined forces to try to block its advance, withdrawing candidates in many constituencies where another candidate was better placed to beat the far-right party.

By offering voters a starker choice and fewer candidates, RN’s opponents hoped that the electorate would choose the non-RN candidate. The move appears to have worked, with anti-RN voters galvanized into action. Turnout in the second ballot was a higher 67.1%, the highest since 1997, pollster Ipsos said.

“The chief of state must bow and admit this defeat. The prime minister must leave,” Jean-Luc Melenchon, leader of the France Unbowed party, said in a CNBC-translated social media update after the release of the early poll data. “Mr. Macron must call on the NFP to govern. It is prepared to apply its agenda all of its agenda, nothing but its agenda.”

He added that the party had “tirelessly” fought Macron’s policies for the past seven years.

“We refuse any combination with the presidential camp,” Melenchon said, in a separate CNBC-translated post.
A period of horse-trading and instability is now likely to take hold in France, as political alliances are forged with the aim of forming a government, but it’s unclear to what extent President Macron will be willing to work with the left-wing alliance.

The country finds itself in unchartered waters: President Macron shocked Europe’s political establishment by calling the snap after his Renaissance party was trounced by National Rally in the EU Parliament elections in June.Political analysts said Macron’s move was an extreme gamble, with the president betting that French citizens would fear and ultimately reject the prospect of a far-right government. The final round of the election shows that voters, ultimately, have rejected Macron.

This breaking news story is being updated.