European stocks fall as market digests French election

European stocks dropped this morning as concerns grow over Greece's struggle to form a new government, and the French election results create uncertainty.

Greece's mainstream conservative leader, Antonis Samaras, failed to reach a deal for a coalition following Sunday's election, leaving it to the Left Coalition party to form a government, which would be opposed to the country's EU/IMF bailout, according to Reuters. The Euro Stoxx 50 was down 1.14%% at 2,257, while the French Cac slipped 1.7% to 3160 in early trading. Greek stocks closed 6% down yesterday after the weekend's election, as Asian markets also reacted badly to the poll results in Europe. London's blue chips opened broadly flat with political concerns in Europe weighing o...