Shock victory for France's left-wing alliance

Squawk Box Europe Express

France’s left-wing coalition scores a shock victory in the country’s parliamentary elections, holding off Marine Le Pen’s Rassemblement National who finished third. The country now faces a hung parliament with no clear indication of who will lead the government. Prime Minister Gabriel Attal has said he will resign later today. We are live in Paris for the latest. The euro and bond futures both fall as investors begin to assess the repercussions of last night’s poll, concerned with higher deficits and spending. U.S. unemployment figures are down to 4 per cent for the first time in 3 years but last month’s jobs figure comes in stronger than expected.

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