Free Trial

Europe On The Backfoot On French Political Uncertainty

EQUITIES

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.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.