China new home prices fall at fastest rate in nearly 10 years; French political uncertainty weighs on markets – business live | Business

That early rally in European stock markets didn’t last.

The pan-European Stoxx 600 index has now dropped by 0.3% today, hitting its lowest level in six weeks.

Spain’s IBEX share index is leading the selloff, down 0.7%, while Italy’s FTSE MIB has lost 0.2% and the French CAC 40 is down 0.1%.

Susannah Streeter, head of money and markets at Hargreaves Lansdown, says:

Some of the risk-off sentiment which spread sparked by worries about the far-right gaining legislative power…