France’s presidential term limits bar Emmanuel Macron from seeking a third consecutive mandate, with his second and final term set to conclude following the 2027 election scheduled for spring. Recent weeks have featured record-low approval ratings near 15 percent, student protests over education and living costs, fuel price pressures, and fiscal strain in a hung National Assembly where no-confidence motions target the government. Prime Minister Sébastien Lecornu has faced repeated parliamentary challenges, while polls show far-right figures leading early 2027 presidential preferences. These developments reflect entrenched political fragmentation and economic pressures but have not produced verified signals of an early departure or resignation before the constitutional endpoint. Traders assess timing risks around the fixed May 2027 transition amid ongoing legislative instability.