Major stock indexes in Europe ended Monday's trading session with sharp losses since the investors assessed the prevalence of the right-wing parties in Austria, France, Italy, Hungary, Belgium, and Spain in European Parliament elections. Additionally, French President Emmanuel Macron dissolved the National Assembly and announced that the country would hold legislative elections on June 30 and July 7.
On the economic front, a report by Sentix showed that investor confidence in the euro area improved in June.
The DAX fell by 0.34% at close, with Porsche AG declining by 2.49%. The FTSE 100 dropped 0.18%, as Rentokil Initial plc lost 3.20%. The CAC 40 sank by 1.35%, dragged by Societe Generale SA, which plunged by 7.46%. The Euro Stoxx 50 went down by 0.71%, with Vinci SA plummeting 5.37%.
The euro lost 0.54% against the dollar at 5:30 pm CET, selling for $1.07430. At the same time, the pound traded flat compared to the greenback, to go for $1.27255.
