- Italy seek Nations League consistency as Germany continue rebuild
- From boom to budgeting as reality bites for Saudi football
- Stock markets diverge as Hong Kong sinks, oil prices fall
- US trade gap narrowest in five months as imports slip
- Stay and 'you are going to die': Florida braces for next hurricane
- England 96-1 after Salman's century lifts Pakistan to 556
- Hollywood star Idris Elba champions African cinema in Ghana
- Djokovic rolls Cobolli to make Shanghai Masters last 16
- Milan's Hernandez receives two-game suspension after referee rant
- Geoffrey Hinton, soft-spoken godfather of AI
- Ex-Barcelona and Spain great Iniesta retires aged 40
- Duo wins Physics Nobel for 'foundational' AI breakthroughs
- German 'Maddie' suspect could be free in 2025 after cleared of separate sex crimes
- China slaps provisional tariffs on EU brandy imports
- Ex-skipper Skelton eyes Wallabies November return
- Spanish great Iniesta leaves indelible legacy after retirement
- Indian Kashmir elects first regional government in a decade
- Hong Kong stocks crash, oil prices retreat on fading China boost
- Man City accuse Premier League of 'misleading' claims after legal case
- Duo wins Physics Nobel for key breakthroughs in AI
- Agha defies England as Pakistan post 515-8 in first Test
- September second-warmest on record: EU climate monitor
- Pastor wanted by US for sex trafficking to run for Philippine senate
- Mozambican writer Mia Couto dreams future leaders set an 'example'
- German 'Maddie' suspect could be free soon after cleared of separate sex crimes
- China says to take anti-dumping measures against EU brandy imports
- German suspect in 'Maddie' case cleared in separate sex crimes trial
- Israel expands offensive against Hezbollah in south Lebanon
- China stocks rally fizzles on stimulus worries amid Asia retreat
- Bangladesh's Yunus says no elections before reforms
- England strike twice as Pakistan reach 397-6 at lunch in first Test
- China stocks rally peters out on stimulus worries amid Asia retreat
- Taiwan's Foxconn says building world's largest 'superchip' plant
- Kenya's deputy president faces impeachment vote
- N. Korean soldiers 'highly likely' killed in Ukraine: Seoul
- 'Appeals Centre' to referee EU social media disputes
- US Supreme Court to hear 'ghost guns' regulation case
- 'Small' oil leaks detected in Samoa after NZ navy shipwreck
- Nobel literature jury may go for non-Western writer
- At Istanbul church, blessed spring offers hope to Christians and Muslims
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- Myanmar to send rep to regional summit for first time in three years
- Prabowo set to lead bolder Indonesia on world stage
- Tampa zoo rushes Chompers the porcupine and others to safety as Milton nears
- Shanghai stocks pare early surge on stimulus worries amid Asia retreat
- New Japan PM to hold talks on ASEAN sidelines
- Record number of climbers chase 14-peak dream in Tibet
- Former South Korea clinic for US 'comfort women' to be demolished
- China holds off on fresh stimulus but 'confident' will hit growth target
- Chiefs battle past Saints to stay unbeaten
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European stocks, euro bounce back after French election
Europe's main equity markets and the euro rebounded from initial losses on Monday as investors digested snap French elections in which a hung parliament appeared the likeliest outcome.
In France, the left emerged as the biggest group in a new parliament, beating out a resurgent far right in a vote called by President Emmanuel Macron three years ahead of schedule.
Macron's centrist alliance obtained fewer seats in parliament but held up better than expected.
The outcome, in which no bloc has an outright majority, has left the country in a "thick fog" of uncertainty, according to one pollster.
Yet European equities advanced on relief that despite polls the far-right National Rally (RN) of Marine Le Pen had neither won a parliamentary majority nor was in a dominant position.
"European stocks have recovered from earlier losses as investors recover from the shock of the French election result," City Index analyst Fiona Cincotta told AFP.
"Of course, there are concerns over a left-wing alliance, but this is a preferred result to a right-wing win that the market had been dreading."
Ahead of the vote, investors voiced concern about high-spending pledges by the far right.
The left-wing New Popular Front and its allies won 187 seats in the 577-seat National Assembly, Macron's centrist group won 159 seats and the National Rally and its allies won 142 seats, interior ministry figures show.
All three blocs fell far short of the 289 seats required for a clear majority.
Rabobank analyst Jane Foley sounded a note of caution regarding the impact on the French stock market.
"There is also speculation as to whether a politically fractured France and a weakened Macron means that France's leadership position within the eurozone has been weakened," she said.
She added that "France's political and budgetary uncertainties" remain a negative factor for the euro.
Kathleen Brooks, head of research at XTB, said the left's pledges not to push forward with macroeconomic reforms could exacerbate concerns.
"This is weighing on sentiment for now, however any downside could be limited as the horse trading around who will govern and how the government will be formed could take months," she said.
Wall Street's main indices advanced at the opening bell, with shares in Boeing rising by more than two percent after the aircraft manufacturer reached a deal with the US Department of Justice over two fatal 737 MAX crashes.
The plea deal, criticised by the families of the 346 people killed in the crashes, sees Boeing avoid a criminal trial, instead agreeing to a series of terms including another $243.6 million in fines.
In Asia on Monday, stock markets mostly sank with Hong Kong's Hang Seng Index closing down more than 1.5 percent.
Tokyo's Nikkei index seesawed in and out the red throughout the day before finally ending slightly down, while the broader Topix shed more than one percent after hitting a new high last week.
Taipei was a rare bright spot, posting solid gains on the back of a surge in shares of chipmaking giant TSMC, which added nearly three percent over the course of the day.
- Key figures around 1330 GMT -
New York - Dow: UP 0.3 percent at 39,487.69 points
New York - S&P 500: UP 0.1 percent at 5,572.81
New York - Nasdaq Composite: UP less than 0.1 percent at 18,366.66
London - FTSE 100: UP 0.2 percent at 8,223.29
Paris - CAC 40: UP 0.1 percent at 7,685.80
Frankfurt - DAX: UP 0.4 percent at 18,554.48
EURO STOXX 50: UP 0.4 percent at 4,998.49
Tokyo - Nikkei 225: DOWN 0.3 percent at 40,780.70 (close)
Hong Kong - Hang Seng Index: DOWN 1.6 percent at 17,524.06 (close)
Shanghai - Composite: DOWN 1.0 percent at 2,922.45 (close)
Euro/dollar: UP at $1.0846 from $1.0842 on Friday
Euro/pound: DOWN 84.49 pence from 84.58 pence
Dollar/yen: DOWN at 160.69 yen from 160.78 yen
Pound/dollar: UP at $1.2839 from $1.2816
West Texas Intermediate: DOWN 0.8 percent at $82.49 per barrel
Brent North Sea Crude: DOWN 0.6 percent at $85.99 per barrel
burs-rl/imm
D.Kaufman--AMWN