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Europe On The Backfoot On French Political Uncertainty

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The shock post-EU election dissolving of the French parliament weighs on CAC 40 futures, with thaqt metric shedding over 1% early Monday.

  • That leads European indices lower, with Euro Stoxx 50 futures through Friday’s lows (last -0.7% or so).
  • Key short-term support in VG1 comes in at 4,947.00, the low from June 4.
  • Our technical analyst has noted that recent weakness in Euro Stoxx 50 futures appears to have been a correction.
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The shock post-EU election dissolving of the French parliament weighs on CAC 40 futures, with thaqt metric shedding over 1% early Monday.

  • That leads European indices lower, with Euro Stoxx 50 futures through Friday’s lows (last -0.7% or so).
  • Key short-term support in VG1 comes in at 4,947.00, the low from June 4.
  • Our technical analyst has noted that recent weakness in Euro Stoxx 50 futures appears to have been a correction.