French CAC 40 index recovers during Monday session

CAC 40 index slipped on Monday morning after France elected new president Francois Hollande, the first socialist president in 17 years. Additionally Greek voters elected anti-bailout parties on Sunday fuelling worries about Europe's ability to curb debt crisis through austerity measures. Index however, recovered during session and moved into green area. French banks advanced with BNP Paribas adding 1.2% and Societe General climbing 1.4%. At the moment of writing CAC 40 index is 0.3% or 9.57 points up at 3,171.53.