**Emmanuel Macron’s second presidential term ends in May 2027 under France’s constitution, which bars a third consecutive mandate, and he has publicly stated he will exit politics afterward.** Recent months have featured acute instability, including the rapid collapse of Sébastien Lecornu’s government after just 27 days, repeated prime-ministerial turnover, a hung National Assembly, and an approval rating at a record low of 15 percent amid student protests, fuel-price pressures, and fiscal strains. Opposition figures, including Marine Le Pen and Jordan Bardella, have renewed calls for resignation or snap legislative elections, yet Macron has consistently rejected early departure and continued official engagements. Trader sentiment for an earlier exit therefore hinges on whether sustained parliamentary deadlock or street unrest forces a constitutional or political break before the scheduled 2027 presidential vote, while the fixed calendar and his repeated affirmations of continuity anchor the baseline expectation of completion.