Geopolitical events
On June 4, 2026, the French National Assembly passed a vote of no confidence against the government of Prime Minister Gabriel Attal, following a scandal involving the alleged misappropriation of funds allocated for the "Trans--Saharan Green Energy Pact." The political crisis has triggered immediate volatility in European markets, with the CAC 40 index declining by 1.5% in early trading. President Emmanuel Macron is expected to appoint a caretaker administration to oversee the country's participation in ongoing regional security and energy initiatives while navigating the domestic macroeconomic fallout.