European stocks muted on French election, inflation jitters

Published by
Reuters UK

(Reuters) – European stocks were flat on Monday as investors weighed the impact of tighter monetary policies on the global economy, while French stocks lagged after Sunday’s vote saw President Emmanuel Macron lose control of the National Assembly. The pan-European STOXX 600 index was up 0.01% by 0714 GMT, with a U.S. holiday likely making for choppy trading. The benchmark had shed 4.6% last week in a global sell-off that was fuelled by worries about a recession. France’s CAC 40 slipped 0.1% after Macron’s centrist Ensemble coalition fell well short of the absolute majority needed to control pa…

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