Paris Riots Boost Far-Right Leader Bardella's Approval

France's far-right National Rally leader, Jordan Bardella, has achieved a record 47% approval rating in the wake of recent riots in Paris. Polls suggest Bardella could potentially win a runoff in the 2027 presidential elections against various opponents. These riots, described as related to diversity and urban renewal, have occurred concurrently with a continued trend of portfolio managers divesting from European stocks, contributing to low trading volumes in regional markets. Bardella has also articulated a view that France is losing its greatness and control over its territory, characterizing the nation as increasingly tribalized.

Simultaneously, France's hard-left party, France Unbowed (LFI), is actively seeking to increase its presidential prospects by targeting voters who abstained in the 2022 election. Their strategy focuses on gaining support in diverse suburban areas, aiming to propel Jean-Luc Melenchon into a runoff. Melenchon's platform, which emphasizes policies on wages and public services, is seen as appealing to younger voters and immigrant communities. The far-right in France is also attempting to leverage public anger stemming from football riots, positioning the sport as a central focus in the upcoming seven weeks.

In Germany, a new poll reveals a significant shift in public opinion regarding the established parties' policy of excluding cooperation with the right-wing Alternative for Germany (AfD). Currently, 47% of Germans believe that the Christian Democratic Union's (CDU) refusal to work with the AfD is incorrect, while an equal proportion believes it is correct. This marks a substantial change from September 2024, indicating a growing debate about political alliances.