European shares briefly hit fresh highs in early deals on Monday before dipping into the red, pulled lower by banks and resources-related stocks, as the widely anticipated result of the French presidential vote spurred some profit-taking.
The pan-European STOXX 600 index was down 0.2 percent, while France’s CAC fell 0.4 percent after hitting its highest levels in more than 9 years and the German DAX was flat, holding near record highs.
Centrist Emmanuel Macron was elected French president with a business-friendly vision of European integration, defeating Marine Le Pen, a far-right nationalist who threatened to take France out of the European Union.
Advertisement
Related posts:
Asian shares at 21-month highs, dollar soft on Fed views
Asia shares slip, hard to dodge recession risks
Banks, basic resources lift European shares on Trump-trade
European shares drop as earnings flurry fails to lift sentiment
93 Nigerians win EU Scholarships to study in European Universities
Ukraine Must Win To Ensure Europe’s Security – Macron
Super Eagles slip in FIFA world ranking
Ebola patients slip out of Congo hospital as medics try to curb outbreak
