Europe stocks slide after France's Macron calls snap election; CAC 40 down 1.8%, SocGen falls 5%

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European stocks opened lower as traders react to initial results from the EU Parliament elections.

An employee enters sliding doors decorated with the stars of the European Union flag at the Berlaymont building, headquarters of the European Commission , in Brussels, Belgium, on Tuesday, Jan. 28, 2020. It took 32 months, two prime ministers, and nearly 30 votes in Parliament to extricate Britain from the European Union and the hardest part of the negotiations hasn't even started.index was down 0.65% in early deals, as all sectors bar travel fell into the red. Construction stocks fell 1.5%.

Initial results of the EU elections show populist, far-right parties could have a bigger hand in European policymaking over the next five years.Sign up for NBC New York newsletters.Far right makes strong gains in EU elections as liberals and Greens lose seats, projections showRegional investors will also be looking ahead to the next U.S. inflation data on Wednesday, as well as the next meeting of the U.S. Federal Reserve. Both come after a stronger-than-expectedto lower interest rates.

Overnight, Asia-Pacific markets were mixed, with a few markets are closed for a holiday Monday, including Australia, mainland China, Hong Kong and Taiwan. Meanwhile,We spent $14 million to convert this abandoned stadium into luxe apartments

 

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