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July 8 (Reuters) - European shares slipped on Monday as
France was set for a hung parliament with a leftist alliance
unexpectedly taking the top spot, while data from the U.S. and
euro zone this week will grab focus for more clues on the path
for global monetary policy.
The pan-European STOXX 600 index edged 0.1% lower
by 0711 GMT, led by losses in energy shares tracking
soft oil prices.
French stocks fell 0.4%, the most among European
peers, as France faced a hung parliament and the prospect of
taxing negotiations starting Monday to form a government, after
a surprise left-wing surge blocked Marine Le Pen's quest to
bring the far right to power.
The main economic event for the week would be the consumer
price index (CPI) data from the U.S. and Germany that will shape
the narrative for the future path of interest rate cuts.
Britvic ( BTVCF ) climbed 4.7% as the soft drinks maker said
it has agreed to be taken over by Carlsberg for 3.3
billion pounds ($4.23 billion), after the Danish brewer
sweetened its bid.
Delivery Hero slipped 16.5% to the bottom of STOXX
600 after it said it may face a fine above 400 million euros
from Brussels due to antitrust violations.