(REUTERS) PARIS – Greek and French election results rattled investors on Monday by undermining confidence in the region’s plans to cut spending and tackle its debt crisis, sending the euro to a three-month low.
European shares also traded lower, with Greek stocks down 6.4 percent.ATG, but reaction was muted with the UK market closed for a holiday.
Investors sold the bonds of other weaker euro zone members after the two pro-bailout parties in Greece failed to win a parliamentary majority, rekindling fears over the country’s future in the single currency.