European stocks slump after European vote, shock French election

Investing.com - European stock markets fell Monday, weighed by the results from the European Parliament election, which showed gains for nationalist and euro-sceptic parties.Risk sentiment was hit Monday after the conclusion of the four-day vote for the European Parliament, which resulted in a shift to the right and the election of more eurosceptic nationalists.

The surge in the right could result in a more polarized European parliament, potentially making it more difficult to pass EU legislation on issues ranging from climate and immigration to industrial strategy and defense.However, Fed policymakers are very likely to dial back on their projections for three rate cuts this year when they announce their rate decision on Wednesday, and the question is by how much.

Board members at the FTSE 100 group are concerned that the company, which operates largely in the States, is trading a"significant" valuation gap to that of its U.S. rivals, the newspaper reported.Crude prices rose Monday, steadying after three straight weeks of losses ahead of monthly reports from OPEC and the IEA, as well as the latest meeting from the Federal Reserve.

Source: News Formal (newsformal.com)

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