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European markets rise led by French stocks as traders digest election results

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European stocks opened higher as investors in the region digest the results of the first round of France’s snap election.

Gains were driven by a sharp rise in France's CAC 40 index, which initially jumped more than 2.5% before cooling to 1.3%.

Investors were digesting French election results in which the far-right came top but was seen struggling for an absolute majority in the second round of voting. Analysts that say would be the"least bad" result from a market perspective. LONDON — European stocks started the new trading week higher, as regional investors took in the results of the first round of France's snap parliamentary election.European markets are reacting to the results of the first round of the snap parliamentary election in France in whichInitial results point to it struggling for an absolute majority in the second round of voting that takes place on July 7, however, whichwould be the"least bad" result from a market perspective.

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