Europe markets rise, French stocks up 0.4% after left-wing's surprise election win

French stocks moved higher on Monday as markets reacted to a surprise win for the left in the country's parliamentary election.

Elsewhere on Monday, Rachel Reeves — the country's newly appointed chancellor of the exchequer — promised to"get Britain building again" in a speech that put housing and planning reform center stage. François Digard, head of French equity research at Kepler Cheuvreux, said a hung parliament was what the market was expecting.

"Last night the far-left were already talking about wealth taxes and increases on taxes on corporates which won't be market-friendly. However trying to build a government that has any kind of stability looks a very high bar this morning. Political paralysis for the next 12 months seems the most likely outcome," they added."We are going to get Britain's economy growing again.

Nederland Laatste Nieuws, Nederland Headlines

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