While Macron’s coalition (Ensemble) is still by far the largest single bloc in the French National Assembly, it has lost its absolute majority (289 needed). My understanding, subject to correction, is that the results (below) are a disappointment for Macron—not simply for having lost an absolute majority but for having lost the majority pretty convincingly. On the other hand, the Left (Nupes) is probably equally disappointed, appearing to have underperformed their hopes after the first round. The Right (RN), while still a distant third, appears to have overperformed, reaching the top range of predictions and establishing a new historic level of representation:
No doubt we’ll be hearing more in a few days. The overall result, one way or another, is likely to be that Macron will face increased difficulties in pursuing a globalist agenda. This at a time when the Atlanticist bloc of nations is clearly fracturing, with the major Western European nations looking for some sort of exit from the war with Russian that the Anglosphere has pushed. For an overall rundown of French political parties: List of political parties in France.
Here is an informative short article on the election results. It is essentially in agreement with Mark's observations but provides additional detail regarding what caused the results and the practical implications for governance:
https://www.newstatesman.com/international-politics/french-election-2022/2022/06/french-legislative-elections-emmanuel-macron-falls-to-earth-with-electoral-rebuff
Yes, the wagons have circled Macron! Great job, extreme Left and extreme Right! Now it remains to see what rabbit, if any, he can pull out of the hat…a horrendous 53 pct abstention…M is widely despised, and my husband, who is by no means of either extreme, said, “ le peuple a parlé “ - he has never voted for Macron, whom he blames for the egregious Covid measures which killed the economy (entre autres).So the US careens towards November, and France, September (la rentrée)…