BANGKOK (AP) – Shares opened mixed yesterday in Europe as markets were recovering from losses following recent election upsets across the region.
In France, where wins by far-right parties have raised pressure on President Emmanuel Macron, the CAC 40 rose 0.2 per cent to 7,516.49.
Germany’s DAX edged 0.1 per cent higher, to 18,049.00 and the FTSE 100 in London slipped 0.1 per cent to 8,141.68.
Last week, France’s CAC 40 lost 6.2 per cent, its worst decline in more than two years. Germany’s DAX lost 1.4 per cent.
European Union leaders were gathering for a dinner summit to take stock of the European election results and weigh nominees for the bloc’s top jobs.
The June 6-9 polls saw the European Parliament shift to the right. Voters dealt major blows to governing parties in heavyweight countries France and Germany, and investors worry that could weaken the European Union, stall fiscal plans and ultimately hurt France’s ability to pay its debt.
Recent elections have also shaken markets in Mexico, India and elsewhere.
In Asian trading, shares mostly fell after China kept a key lending rate unchanged and reported its factory output slowed in May, with the property market still deep in the doldrums.
Tokyo’s Nikkei 225 index lost 1.8 per cent to 38,102.44 and in Seoul, the Kospi declined 0.5 per cent to 2,744.10. Australia’s S&P/ASX 200 gave up 0.3 per cent to 7,700.30.
