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.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Dow slides 600 points as worries about rates overshadow Nvidia’s blowout profitMost U.S. stocks slumped Thursday after strong economic reports raised the possibility of interest rates staying painfully high. The weakness was widespread on Thursday and overshadowed another blo…
Source: mercnews - 🏆 88. / 68 Read more »