LONDON, June 21 Reuters The European IPO market is unlikely to see any new candidates until after the summer, as political uncertainty has roiled markets, bankers said.

This week Italian luxury sneaker brand Golden Goose and Spanish fashion retailer Tendam both postponed planned listings citing the impact that France39;s snap election had on markets.

The election call last week in response to a drubbing in a European Union vote by the far right pushed down the euro while French bluechip stocks dropped and bonds tumbled.

But several bankers stress the market is not closed for deals, as year to date share sale volumes have staged a recovery. In one example this week, frozen bakery goods company Europastry announced its intention to list in Spain and raise at least 225 million euros.

I don39;t think the market is closed but clearly for an IPO market that was tentatively recovering it has been a bit of a knock, said Andreas Bernstorff, head of equity capital markets at BNP Paribas.

Even if there are fewer IPO candidates as political uncertainty continues, with some even shifting their plans to 2025, share sales in already listed companies will continue, bankers said. Block trades are still popular with investors with around 150 million shares in Johannesburglisted Momentum Metropolitan sold this week.

The recent volatility we have seen around French elections is more likely to affect continental European transactions which are sensitive to the macroeconomic…