cyprus and luxembourg six each. remember, they don t sit according to nationality, they sit within broad international groupings. there are seven groupings in all the left, the greens, the socialists & democrats, renew europe. renew europe is the liberals. then comes the biggest group of them all the centre right european people s party, to the right of them the european conservatives and reformists, and then on the hard right, the identity and democracy group, in which marine le pen s meps will sit. so, let me show you the first projection issued in the last half an hour. you will see there the big gainers are definitely the hard right. it is only an early projection, this, but the losers on this chart very much the losers on this chart very much the greens and the liberals, which include emmanuel macron s renaissance party. neck, when you look at that chart, what do you see and what are the implications of it? i what do you see and what are the implications of it? what
of the european parliament. to hear more, let s go to christian fraser, whojoins us live from brussels. this is the second biggest election in the after india? it does put it into some perspective. we will all be focusing on america in november, 240 million voters there. we are in the european parliament, above the hemicycle where the politicians normally sit. you can see behind me a huge screen where we will start to get the first exit polls. i told you that has been a shift to the right. we are starting to see that some of the first exit polls. let s concentrate on some that reflect that trend. germany, the cdu gaining six seats in these exit polls. but the hard right, the afd, finishing second with 17 seats. the spd of 0laf scholz finishing third on a record low i4%. the greens at nearly cut in half in germany. tears in the room next door, where the greens are having an election party of sorts. in the netherlands, gate of elders party had no seat in 2019, they gained seven
good evening. we start with the european elections. it s still early with exit polls coming in from around europe, but we ve had our first projection of what the next european parliament will look like, and in many countries, far right parties have made big gains. exit polls show a historic win for marine le pen s national rally in france and is on course to trounce president macron s party. far right parties have also made substantial gains in austria and germany. exit polls say 27 countries voting, most of them since thursday, 373 million people were eligible to vote. that is considerably more than the 244 million who will be taking part in the united states in november. so, this is a very big deal, not only because it will set the direction for this parliament at a critical time in europe, with war in ukraine, the economy stuttering, migration a major concern for many, but because what happens in this election so often has a bearing on the direction of domestic politics in
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Another rough day for stocks europe ends in the red the dow tumbles a thousand points of the u. S. Markets fall over three percent whats behind the new downward trend well get the view from wall street also coming up germany has just reported bumper trade figures but thats unpalatable makers they just cant keep up and turning off ukraines tap the country will miss out on vital natural gas in combat as the north stream two pipeline between russia and germany gets the go ahead. Im done your winter in berlin this is your Business Update volatility has plagued the markets all week following a broad sell off on Monday European shares closed in negative territory and thursdays session ending a short lived rebound germanys dax was the worst affected in europe closing down two point six percent in new york the dow finished over
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