European financial markets are under pressure as investors react to the results of the European Parliament elections held over the weekend. The elections, which determined the 720 members of the block’s parliament, have led to notable shifts in political power across several key countries. What Happened: A market-friendly coalition composed of the center-right European People's Party (EPP), the center-left Socialists and Democrats (S&D), and the liberal Renew group retain the majority of seats. But far-right parties made substantial gains. In both France and Germany, far-right parties emerged as significant contenders, securing first and second preferences among voters, respectively. In France, Marine Le Pen‘s far-right National Rally party garnered 31.4% of the votes, more than doubling the results of President Macron’s centrist alliance. In a surprising move, President Emmanuel Macron called for snap elections on Sunday night. These elections, set for June 30 and July 7, come just before France hosts the Olympic ...