FTSE 100, FTSE 250 down 0.3 each
MG Plc up after JP Morgan upgrades stock to overweight
UK wages data due Tuesday, GDP figures due Wednesday

June 10 Reuters London stocks fell on Monday as investors were spooked by a snap election called by French President Emmanuel Macron, while they awaited key domestic economic data this week.

The bluechip FTSE 100 fell below the 8,200 mark in early trade, and was last at 8,217.04 points, down 0.3. The midcap FTSE 250 fell 0.3.

Both the indexes were poised to log a second straight session of losses.

The snap election in France caused a knee jerk reaction, but it isn39;t going to be massive weight on the index, Christopher Peters, trading floor manager at Accendo Markets said.

Once the dust settles, investors will go back to key metrics and triggers for inflation. The unemployment rate in the wage data tomorrow is key.

Traders were still reeling from the impact of Friday39;s blowout U.S. jobs report, which dampened hopes for a September rate cut by the Federal Reserve.

Analysts expect the Bank of England BoE to move independently from the Fed and cut rates, but will monitor local data closely.

Britain39;s wages and GDP data is set to be released this week.

The BoE meets in less than two weeks to take a call on borrowing costs.

Among individual stocks, ME Group International fell 5.8 after the instantservice equipment group said its fullyear profitability was in line with expectations.

Aviva Plc was among top losers on…