CAC 40 falls 0.5% while Stoxx Europe 600, DAX little changed; latest polls show far-left candidate Jean- Luc Melenchon gaining momentum.
Societe Generale, BNP Paribas, Natixis among top 10 fallers in European banking sector.
France-Germany 10-year bond yield spread widens four basis points to 70, highest since February.
Main source of uncertainty around election now is how people will vote in second round.
Melenchon voters will hardly turn to Macron; Melenchon’s recent momentum could weaken Macron in second round except if everyone from left votes against Le Pen as she is perceived as systemic risk for France and French democracy.
source: Bloomberg
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