Paris Stock Market Falls Sharply After EU Vote Shock

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The Paris stock exchange led European market losses at the open Monday as French President Emmanuel Macron called snap elections after his centrist alliance lost to the far right in EU elections.

The Paris CAC 40 dropped 2.4 percent while the Frankfurt DAX shed 0.7 percent and the pan-European Stoxx 600 retreated by almost 0.7 percent.

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