FT News Briefing

First round victory for French far-right

Marine Le Pen’s far-right party has battered President Emmanuel Macron’s centrist alliance in the first round of snap parliamentary elections, US stock markets performing better than expected at the midyear point, and Morgan Stanley will join Goldman and JPMorgan in scrapping UK bonus caps. Mentioned in this podcast:<a href="https://on.ft.com/3W2Aq0E" rel="noopener noreferrer" target="_blank">French voters turn out in record numbers </a><a href="https://on.ft.com/4eLTnvW" rel="noopener noreferrer" target="_blank">Wall Street’s last remaining bears struggle to convince optimistic clients</a><a href="https://on.ft.com/4eYvEZF" rel="noopener noreferrer" target="_blank">Morgan Stanley to join Goldman and JPMorgan in scrapping UK bonus cap</a> The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. <a href="https://www.ft.com/content/a623b41c-1c0d-4796-af00-4c89660e718b" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.