European stocks rally after first round of French vote

- European stocks rallied on Monday, with French shares leading the way after the far-right National Rally party scored historic gains in the first round of parliamentary election, but by a smaller margin than what some polls had suggested.The RN and allies had 33% of the vote, followed by a leftwing bloc with 28% and President Emmanuel Macron's centrists with just 20%, but the final result will depend on days of horsetrading before the July 7 run-off.

The CAC 40 closed at its weakest level in more than five months on Friday on concerns about France's fiscal discipline under the new government. Nestle rose 1.1% after its CEO said in an interview to a local weekend paper that the Swiss food giant is targeting stable growth in sales volumes from the second quarter throughout the remainder of the year as cost inflation eases.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

European stocks slump after European vote, shock French electionEuropean stocks slump after European vote, shock French election
La source: Investingcom - 🏆 450. / 53 Lire la suite »

European stocks mostly higher; UK GDP rise, French politics weighsEuropean stocks mostly higher; UK GDP rise, French politics weighs
La source: Investingcom - 🏆 450. / 53 Lire la suite »

European stocks set for muted open after European Central Bank cutEuropean stocks looked set to open relatively flat on Friday, after closing at a record high during the previous session.
La source: CNBC - 🏆 12. / 72 Lire la suite »