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June 11 Reuters European shares were rangebound on Tuesday following losses in the previous session on political uncertainties in France, while investor attention turned to the U.S. Federal Reserve39;s monetary policy meeting.

The continentwide STOXX 600 was flat at 521.90 as of 0834 GMT.

France39;s CAC 40 index gained 0.2, rebounding from a more than 1 decline on Monday, as President Emmanuel Macron called for a snap election following a heavy trouncing of his allies in European Union parliamentary elections.

The yield on the French 10year bond , however, hit its highest since November.

Our view on European growth picture has improved, and we do not think that the political uncertainty will change that view, Mohit Kumar, chief economist Europe at Jefferies, said in a note.

The basic resources index led sectoral declines, down 1.6 as base metal prices took a hit on a weaker yuan.

Adding to the sector39;s losses, Rio Tinto fell 2.2 after the mining giant said it would buy Mitsubishi Corp39;s 11.65 stake in Boyne Smelters BSL for an undisclosed sum.

London39;s FTSE 100 edged down 0.1 on miners39; weakness, even as the domestic labour market showed signs of cooling in April.

The focus will now be on the Fed39;s policy decision on Wednesday, which will help markets gauge the timing of interest rate cuts in the…