Brussels | Markets tumbled and the euro hit a 22-month low against the pound after far-right parties made significant gains in European Union parliamentary elections on Sunday (Monday AEST), trouncing traditional rivals, especially in Germany and France where a humiliated President Emmanuel Macron called a snap parliamentary poll.

France’s blue-chip CAC 40 index fell 1.4 per cent to touch a more than three-month low, with lenders, including BNP Paribas, Societe Generale and Credit Agricole, falling by between 3.6 per cent and 7.5 per cent.

Reuters and AP