European stocks and the euro rebounded sharply Monday as investors were reassured by the speed of Italian Prime Minister Matteo Renzi's resignation after losing a crunch referendum. The region's markets began the day in negative territory, with Milan tumbling two percent, but recovered somewhat with sentiment soothed also by the defeat of the far right in Austria's presidential election. "The Italian referendum is the major story that will dominate market moves throughout Monday... after Renzi left his position after a bruising defeat," said GKFX analyst James Hughes.
JEFFERSON CITY, Mo. (AP) — The November election put Republicans in full control of a record number of state legislatures around the country, a level of power that gives the party an unprecedented opportunity: change the U.S. Constitution.
Forces loyal to Libya's UN-backed government said Monday they had seized full control of Sirte from the Islamic State group, in a major blow to the jihadists who battled for months to retain their bastion. The battle for the coastal city, which was the last significant territory held by IS in Libya, cost the lives of hundreds of loyalist troops and an unknown number of IS fighters. "Our forces have total control of Sirte," Reda Issa, a spokesman for pro-government forces, told AFP.