**Deep divisions among French left-wing parties have driven near-unanimous trader consensus on cancellation of the planned 2026 United Left primary.** Launched in late 2025 by figures from Les Écologistes, Debout!, and L'Après to select a joint New Popular Front-aligned candidate for the 2027 presidential election, the October 11 contest never secured participation from La France Insoumise or the French Communist Party. The Socialist Party ultimately held its own closed primary, won decisively by Raphaël Glucksmann, while candidate withdrawals further eroded momentum. With the scheduled date now past and no broad coalition agreement in place, markets reflect the structural barriers that prevented the event from occurring. Late reversals by major parties remain the only plausible, though improbable, path to an alternative outcome.