European markets head for lower open after surge for right-wing parties in EU election
SUMMARY
European stocks are poised to open lower Monday following initial results from the EU Parliament elections, indicating a surge in popularity for right-wing parties. Major indices are expected to decline: the U.K.’s FTSE by 57 points to 8,193, Germany’s DAX down 45 points to 18,507, France’s CAC 40 by 45 points to 7,952, and Italy’s FTSE MIB by 60 points to 34,629, according to IG. Investors await EU election outcomes, foreseeing potential shifts in policymaking. French President Emmanuel Macron's call for snap parliamentary elections after a significant defeat adds to the political landscape. U.S. inflation data and the Federal Reserve meeting are also in focus.
