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The investor enthusiasm that followed Emmanuel Macron’s victory in the first round of France’s presidential election showed signs of fading on Wednesday morning, as stocks across the continent slipped for the first time this week.

After two days of solid gains that included record highs for the Dax and lifted France’s Cac 40 to its highest level since the financial crisis, almost every major European index is in the red this morning.

At publication time:

  • Cac 40: -0.06 per cent
  • Dax: -0.05 per cent
  • FTSE 100: -0.07 per cent
  • FTSE MIB: -0.3 per cent
  • Stoxx 600: -0.09 per cent
  • Euro Stoxx Banks Index: -0.23 per cent

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