STOXX flips into the black
STOXX 600 up 0.4%
France faces political deadlock
Wall Street futures steady
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STOXX FLIPS INTO THE BLACK
Shares in Europe got off to a weaker start on Monday, but early declines progressively evaporated in the first hour of trading, pushing the region-wide STOXX 600 .STOXX and the CAC 40 .FCHI in Paris both into positive territory.
The reversal might be a reflection of traders seeking bargains across French equities after last month's selloff. Voting results in France point to a hung parliament, ruling out extreme scenarios. But the resulting political fragmentation might still pose a lingering risk for investors.
The CAC 40 was last up 0.5%, slightly outperforming the STOXX 600's 0.4% gain. A gauge of euro zone equity volatility .V2TX fell for a fourth straight day, dipping below 13 points.
(Danilo Masoni)
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EARLIER ON LIVE MARKETS:
CAC 40 FUTURES LEAD DECLINES IN EUROPE CLICK HERE
FRENCH LEFT OUTFLANKS THE RIGHT CLICK HERE
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