By Sruthi Shankar and Shashwat Chauhan
(Reuters) -European shares fell on Monday, with French stocks hit after President Emmanuel Macron called a snap election following a heavy trouncing of his allies in European Union parliamentary elections.
France’s blue-chip fell 1.4% to touch a more than three-month low, with lenders, including BNP Paribas (OTC:), Societe Generale (OTC:) and Credit Agricole (OTC:), falling by between 3.6% and 7.5%.
French bond prices also fell, pushing yields on the 10-year note to their highest level in more than six months after eurosceptic nationalists made…