European equity close: French stocks cautious ahead of Sunday's vote

  • French stocks give back early gains

Closing changes:

  • Stoxx 600 -0.2%
  • German DAX +0.1%
  • UK FTSE 100 -0.6%
  • French CAC -0.4%
  • Italy MIB -0.4%
  • Spain IBEX -0.5%

There was some early optimism in European stocks that faded in the final 90 minutes of trading. I expect a sigh of relief in French stocks no matter the results on Monday but at the same time, there is some global weakness that I believe is being masked in US stocks by seasonal factors in the start of July. That won't last.

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