Le Pen Is Finally Getting Noticed by Markets
France’s nationalist leader still looks like a longshot if she reaches a runoff against President Emmanuel Macron. But if her chances were overrated five years ago, the opposite could be true this time.
Marine Le Pen greets supporters in Reims, France.
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It’s still very, very likely that Emmanuel Macron will win a second term as president of France. But as Sunday’s first round of voting approaches, a distinct whiff of concern is blowing through markets. It isn’t like the last election in 2017, when fears that the far-right Marine Le Pen would complete a black swan hat trick after the Brexit referendum and Donald Trump’s election the year before grew overpowering. But it’s become another risk to monitor in a world where there are already more than enough.