Premarket: Global shares stable as political turmoil saps market mood [Globe and Mail, The (Toronto, Canada)]
![Globe and Mail, The](../../../Content/images/providers/Globe and Mail, The.png)
JP Morgan Chase & Co. (JPM)
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Source: Globe and Mail, The
of central bank meetings in the region this week as well as fresh U.S. economic data. European stocks recouped a fraction of their losses from last week when French President Emmanuel Macron called a snap election, with banks leading the mini-rally on Monday up 1 per cent against a 0.2-per-cent rise in the benchmark STOXX index. Macron's surprise move came after far right and leftist parties gained ground against his centrist administration, raising investor concerns about a budget crisis and triggering a brutal selloff in French markets. The euro has become emblematic of this angst, down 0.04 per cent to US$1.07025, after falling to its lowest since May 1 at US$1.06678 on Friday. European Central Bank policymakers told Reuters they had no plans to launch emergency purchases of French bonds to stabilize the market after yield spreads over German bunds widened dramatically amid a flight to safety. “A French challenge to the region's fiscal arrangements would be problematic and
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