Global markets: Europe stocks fall on French post-election uncertainty

Europe’s stock markets slid in opening deals on Monday after snap French elections in which a hung parliament appeared the likeliest outcome.

In the eurozone, the Paris CAC 40 benchmark stocks index sank 0.4 percent and Frankfurt’s DAX shed 0.1 percent, while London’s FTSE 100 index was down 0.3 percent in value.

This comes as a broad left-wing coalition was leading a tight French legislative election, ahead of both President’s centrists and the far right with no group winning an absolute majority, projections showed.