(Reuters) -European shares dropped on Tuesday, led by losses in France as political uncertainty deepened in the country, while mounting concerns over the U.S. Federal Reserve’s independence curbed appetite for riskier assets globally.

France’s CAC 40 fell 1.4% and its bonds stumbled as the country’s minority government looked increasingly likely to be ousted next month.

Three main opposition parties said they would not back a confidence vote which Prime Minister Francois Bayrou announced for September 8 over his plans for sweeping budget cuts.

Shares of French banks BNP Paribas and Societe Generale slumped 6.2% and 5.2%, respectively.

The wider European STOXX 600 index fell 0.7% by 0704 GMT with all major regional bourses in the red.

U.S. President Donald Trump on Monday took the unpr

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