France’s hung parliament since the 2024 snap legislative election has produced repeated minority governments and prolonged budget disputes, leaving President Emmanuel Macron with limited leverage to dissolve the National Assembly before his term ends in 2027. Recent nationwide unrest and protests over living costs and education have intensified criticism of the administration yet produced no formal dissolution announcement, as Macron focuses on security measures and a delayed 2026 budget. Traders price in low near-term probability of a snap legislative election because the next presidential contest in April-May 2027 will likely precede any new assembly vote, with a newly elected president holding constitutional authority to dissolve parliament afterward. Scheduled events include ongoing budget negotiations and potential no-confidence motions that could further test government stability without altering the election timeline.