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French political uncertainty weighs on stocks as banks take hit

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Cairn-Homes Berita

Glenveagh-Homes,Ryanair,Aib

Iseq index shed 1.5% as investors took a risk-off approach

French president Emmanuel Macron's decision to call a snap legislative election weighed on French stocks on Tuesday and sent investors running to safe haven assets. Photograph: Ludovic Martin/Getty Images

Industrial metal miners fell 1.9 per cent, the most among the FTSE 350 sectors, tracking the drop in base metal prices, withFrench stocks led losses on Europe’s main indices as both the Stoxx 50 and pan-European Stoxx 600 shed roughly 1 per cent in trading.

 

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