Europe markets rise as French stocks shrug off surprise election result

French stocks erased earlier losses to rise 0.2% by 8:35 a.m. London time . The euro, meanwhile, was flat against the dollar.

LONDON — European stocks ticked higher in morning trade on Monday, as markets reacted to an expected hung parliament in France after a surprise win for a left-wing coalition of parties.the largest number of seats in this weekend's parliamentary elections, scuppering an expected surge for the far-right. However, the coalition failed to secure an absolute majority, early data showed, leaving markets digesting the possibility of a hung parliament.

"You have a hung parliament as expected so last week, the market has played this out ... It was just expected to be more right-wing and at the end it is left-wing," he told CNBC on Monday.Deutsche Bank strategists added that markets will be suspicious of the New Popular Front's "fiscally aggressive" spending and taxation plans.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

European stocks slump after European vote, shock French electionEuropean stocks slump after European vote, shock French election
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

European stocks mostly higher; UK GDP rise, French politics weighsEuropean stocks mostly higher; UK GDP rise, French politics weighs
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

European stocks slip as traders digest French election resultEuropean stocks fell at the open on Monday as markets reacted to an expected hung parliament in France.
مصدر: NBCLA - 🏆 319. / 59 اقرأ أكثر »

European stocks seen slipping as traders digest French election resultEuropean stocks were set to fall at the open on Monday as markets reacted to an expected hung parliament in France.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

European markets rise led by French stocks as traders digest election resultsEuropean stocks opened higher as investors in the region digest the results of the first round of France’s snap election.
مصدر: NBCNewYork - 🏆 270. / 63 اقرأ أكثر »