European stocks seen slipping as traders digest French election result

France's CAC 40 was seen falling 37.9 points to 7,631, according to IG, and the euro was down 0.18% against the dollar.

LONDON — European stocks were set to fall at the open on Monday as markets reacted to an expected hung parliament in France after a surprise win for a left-wing coalition of parties.the largest number of seats in this weekend's parliamentary elections, scuppering an expected surge for the far-right. However, the coalition failed to secure an absolute majority, early data showed, leaving markets digesting the possibility of a hung parliament.

Supporters of the left wing union, New Popular Front, gather at the Place de la Republique on July 7, 2024 in Paris, France following the defeat of the far-right in France's legislative elections.

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