European stocks hold steady as Macron leads in French vote

London - European stocks were little changed after centrist Emmanuel Macron’s victory in the French presidential election, indicating investors had mostly priced in the outcome that polls had consistently predicted.

The Stoxx Europe 600 Index slipped less than 0.2% at 09:31, while the Euro Stoxx 50 Index fell 0.3%.

France’s CAC 40 Index fell 0.5% after rallying in the previous two sessions. Among industry groups, real estate and health-care companies climbed the most, partly offsetting a drop in miners.

The region’s stocks had already rallied since the first round of the presidential election on April 24, with the broader Stoxx 600 still up about 9% this year.

Macron received 66% of expressed votes, the French Interior Ministry said, based on 99.99% of the results counted. The far-right, anti-euro Marine Le Pen, who sought to take France out of the European Union, had 34%.

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