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Messi a doubt for Argentina ahead of Copa quarter-final
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British tennis ace Raducanu votes for 'lie-in' on election day
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France film director Jacquot charged with raping two actors
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Israel 'evaluating' new Hamas 'ideas' on halting Gaza war
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Venezuela, US agree to 'improve relations,' says Caracas
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Under-fire Kenya govt says to review state salary hikes
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Thousands told to flee raging California wildfire
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Osaka focuses on Olympics after Wimbledon KO
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Tens of thousands flee south Gaza as tensions soar
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US Fed officials stressed 'patience' on rate cuts: minutes
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Blond not bombs as Fognini learns to love Wimbledon
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New lithium plant inaugurated in Argentina
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Threads hits 175 mn users on first anniversary
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French court says Netflix shark hit can keep streaming in copycat row
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Comeback king 'Cav' to carry on doing the thing he loves
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Alcaraz marches on at Wimbledon as Osaka returns to Centre Court
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Biden under pressure as Democratic panic rises
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Belarus frees 'some political prisoners': exiled opposition leader
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Alcaraz coasts into Wimbledon third round
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Cavendish makes Tour de France history with 35th stage win
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Everton sign forward Ndiaye from Marseille
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Bailed Indian opposition leader to return as chief minister
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World's oldest artwork discovered in Indonesian cave
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Toney urges England to kick on after Euros reprieve
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Murray teams up with Raducanu in Wimbledon mixed doubles
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Former England rugby coach Jack Rowell dies aged 87
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Hurricane Beryl bears down on Jamaica
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US trade deficit expands less than expected in May: govt
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'The god took away my son': Indians grieve after deadly stampede
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Moscow hit by heat not seen in over a century
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US private hiring eases unexpectedly in June: ADP
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Confident Kroos says Germany-Spain clash 'won't be my last game'
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Paris bars to open 24h for Olympics opening ceremony
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Putin, Xi vie for influence at Central Asian summit
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Germany, Sweden arrest eight over Syria crimes against humanity
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French giant Mpetshi Perricard joins Wimbledon heavy artillery
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Two-time Major winner Langer to make 'emotional' European Tour bow
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French PM urges united front to stop far-right takeover
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Olympic silver medallist gymnast Poujade dies at 51
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Bhole Baba: preacher at centre of Indian stampede disaster
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Microsoft to invest 2.2 bn euros in Spain data centres
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Showdowns, young guns and own goals as Euro 2024 head into quarter-finals
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Russia advances in east, kills five in Dnipro strikes
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France prosecutors request rape charges against film director
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Schumacher blackmail suspects had 'family photos'
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EU clears Lufthansa's proposed ITA Airways stake, with conditions
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Indian World Cup winners head home after hurricane delay
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120,000 'stolen' babies: Georgia's trafficking scandal
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Only far right can win absolute majority, French PM warns
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Turkey ride 'best save' and wave of emotion into Euros quarters
European stocks rise, Nvidia drags down Nasdaq
European stock markets rebounded on Monday despite jitters over the first round of French elections taking place this weekend.
However shares in Nvidia fell by more than six percent as the AI darling stock continues a slump and raises concerns whether the tech share boom was in reality a bubble.
"European markets are in recovery mode, with widespread gains taking shape," said Shore Markets analyst Joshua Mahony.
"Despite ongoing concerns around this weekend's French parliamentary election, French stocks are on the rise as investors buy the dip that saw the CAC lose almost 10 percent in a month," he said, referring to the Paris benchmark stock index CAC 40.
President Emmanuel Macron threw markets into turmoil by calling the snap legislative polls after his centrist party was trounced by the far-right National Rally (RN) in European Parliament elections two weeks ago.
Certain opinion polls showed the RN garnering 35-36 percent of voting intentions for Sunday's first round, ahead of a left-wing alliance on 27-29.5 percent and Macron's centrists in third on 19.5-22 percent. The second round will be held on July 7.
"The positive tone being taken by European markets could yet come into question as we get closer to this potential seismic shift in French politics," cautioned Mahony.
Investors meanwhile set aside a key survey showing that German business sentiment unexpectedly fell in June, pouring cold water on hopes Europe's biggest economy is on course for a strong rebound.
"Today's results add to the growing stream of indicators sending mixed signals on where the eurozone's biggest economy is heading," said Oxford Economics analyst Mateusz Urban.
- Nvidia struggles -
Wall Street's main indices were mixed in late morning trading, with the Dow and S&P 500 advancing while the tech-heavy Nasdaq Composite was dragged down by shares in Nvidia.
Shares in the company that produces processors prized by AI firms have boomed in recent months, leading a rally that has seen Wall Street set fresh records.
"Some profit taking seems entirely reasonable given Nvidia’s meteoric rise," said David Morrison, senior market analyst at Trade Nation, noting the stock was up over 180 percent this year alone.
It has lost over 16 percent since setting a record high on Thursday.
"But if it continues to lose ground, then there’s a danger of contagion, with selling spreading to other big tech names," he warned.
He added that this could lead to a deeper and more protracted pull-back for tech stocks.
Kathleen Brooks, research director at XTB, said part of the explanation in the drop was due a large exchange traded fund (ETF) rebalancing its holdings.
Another reason is "that retail traders and speculators are taking profits as we move into the slower peak summer months."
She added: "This does not mean that tech is in a bubble, rather that traders are looking for value elsewhere."
Investors are also tracking developments in Japan as the yen struggles against the dollar, leading the country's top currency official to warn that authorities were ready to step in to provide support as the unit hovers around three-decade lows.
- Key figures around 1530 GMT -
New York - Dow: UP 1.0 percent at 39,534.06 points
New York - S&P 500: UP 0.3 percent at 5,482.82
New York - Nasdaq Composite: DOWN 0.2 percent at 17,655.06
London - FTSE 100: UP 0.5 percent at 8,281.55 (close)
Paris - CAC 40: UP 1.0 percent at 7,706.89 (close)
Frankfurt - DAX: UP 0.9 percent at 18,325.58 (close)
EURO STOXX 50: UP 0.9 percent at 4,950.98 (close)
Tokyo - Nikkei 225: UP 0.5 percent at 38,804.65 (close)
Hong Kong - Hang Seng Index: FLAT at 18,027.71 (close)
Shanghai - Composite: DOWN 1.2 percent at 2,963.10 (close)
Dollar/yen: UP at 159.71 yen from 159.61 yen on Friday
Euro/dollar: UP at $1.0727 from $1.0697
Euro/pound: UP at 84.54 pence from 84.53 pence
Pound/dollar: UP at $1.2690 from $1.2651
West Texas Intermediate: UP 1.0 percent at $81.57 per barrel
Brent North Sea Crude: UP 0.8 percent at $85.92 per barrel
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A.Magalhes--PC