Emmanuel Macron’s second presidential term concludes in May 2027 after France’s constitutional two-term limit, shaping trader focus on whether domestic pressures force an earlier exit. Record-low approval near 15 percent coincides with sustained student protests over education conditions, planned nationwide cost-of-living demonstrations, and fiscal strain from record debt and austerity measures. A fragmented National Assembly has produced repeated government instability since 2024 snap elections, yet Macron has repeatedly rejected resignation and continues EU-level diplomacy. The April–May 2027 presidential vote, featuring frontrunner Marine Le Pen, remains the scheduled endpoint absent unforeseen health, scandal, or parliamentary collapse events.