French stocks send Europe's STOXX 600 lower on political uncertainty

-European shares fell on Monday, with French stocks hit after President Emmanuel Macron called a snap election following a heavy trouncing of his allies in European Union parliamentary elections.French bond prices also fell, pushing yields on the 10-year note to their highest level in more than six months after eurosceptic nationalists made gains in European Parliament elections on Sunday.

"If RN gains an absolute majority at the National Assembly, President Macron could be forced into a 'cohabitation' period and might have to appoint a prime minister from RN." Equity markets came under pressure on Friday after a stronger-than-expected U.S. jobs report fanned worries that the Federal Reserve would not cut interest rates anytime soon.

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