Here's your summary from French Elections: Le Pen's Party To Win First Round, Chasing Majority | Daybreak: Europe 07/01/24 (https://www.youtube.com/watch?v=rtoCiYHPUgc) on the Bloomberg Television channel:
### TLDR:
The far-right National Rally wins the first round of France's legislative election, but with a smaller margin than expected, leading to uncertainty about the majority outcome.
### Key Points:
1. The National Rally led by Marine Le Pen wins the first round of France's legislative election with 33% of the votes, but falls short of an absolute majority.
2. Potential scenarios for the second round on July 7 include a hung parliament, an outright majority for the National Rally, or a centrist coalition government.
3. Market impact includes a strengthening euro and French bond futures, with investors cautious about the political uncertainty in France.
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