Europe: Shares fall but Spanish market rises after election result

[LONDON] European shares fell on Monday, weighed down by uncertainty over Britain's decision last week to leave the European Union, although the Madrid market rose after Spain's election result.

The Pan-European STOXX 600 and the similar FTSEurofirst 300 indexes both fell by 0.6-0.7 per cent.

Britain's FTSE 100 fell 0.4 per cent, adding to a 3.2 per cent slump on Friday caused by the country's shock decision to vote in favour of leaving the EU.

Spain's IBEX rose around 3 percent after acting Prime Minister Mariano Rajoy's centre-right People's Party fared better than expected in weekend elections.

REUTERS