European shares briefly hit fresh highs in early deals on Monday before dipping into the red, pulled lower by banks and resources-related stocks, as the widely anticipated result of the French presidential vote spurred some profit-taking.
The pan-European STOXX 600 index was down 0.2 percent, while France’s CAC fell 0.4 percent after hitting its highest levels in more than 9 years and the German DAX was flat, holding near record highs.
Centrist Emmanuel Macron was elected French president with a business-friendly vision of European integration, defeating Marine Le Pen, a far-right nationalist who threatened to take France out of the European Union.
