European stocks and the euro rose on Monday, battling back as investors bet that Prime Minister Matteo Renzi's resignation after voters rejected his constitutional reforms would not trigger a snap election in Italy. Italian stocks broadly languished below the water line but the losses seen as the scale of Renzi's defeat in Sunday's referendum emerged were more than halved. "Renzi's resignation is likely to lead to a period of higher political uncertainty which comes in the midst of ongoing recapitalization efforts in the Italian banking sector," said Nicola Mai, head of European sovereign credit research at PIMCO.
MILAN (AP) — Italian voters dealt Premier Matteo Renzi a resounding rebuke by rejecting his proposed constitutional reforms, plunging Europe's fourth-largest economy into political and economic uncertainty Monday.
Russian Foreign Minister Sergei Lavrov said on Monday he was confident Moscow and Washington can reach a deal in talks this week on the withdrawal of all rebels from the eastern part of the Syrian city of Aleppo. "Those armed groups who refuse to leave eastern Aleppo will be considered to be terrorists," Lavrov said. "We will treat them as such, as terrorists, as extremists and will support a Syrian army operation against those criminal squads." Russia and the United States will start talks on the withdrawal in Geneva on Tuesday evening or Wednesday morning, and U.S. Secretary of State John Kerry has sent his proposals on routes and timing of the withdrawal, Lavrov said.