Asia stocks stutter, euro rises after first round vote in France
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Asian stocks were subdued on Monday as traders pondered the U.S rates outlook, while the euro rose after the first-round voting in France's shock snap election was won by the far-right, albeit with a smaller share than some polls had projected.

On Monday, the euro was 0.32% higher, while European stock futures rose 1% and French OAT bond futures gained 0.15% as investors digested the better than feared results, although uncertainty remained.

"In Asia, the MSCI's broadest index of Asia-Pacific shares outside Japan was 0.07% higher, to kick off the second half of the year having risen 7% so far in 2024. Japan's Nikkei rose 0.57%.China stocks eased, with blue-stocks down 0.45%. Hong Kong's Hang Seng Index was flat.

The euro touched a more than two week high of $1.076175 in early Asian hours, pushing the dollar index , which measures the U.S. unit against six rivals, a touch lower at 105.59. [continue readin>>>] 

 Asian stocks were subdued on Monday as traders considered the U.S. rates outlook, while the euro rose following the first-round voting in France's shock snap election. The far-right party won a smaller share of the vote than some polls had projected, causing uncertainty in the markets. The left-wing alliance that came second in the election has also pledged significant spending increases, which has raised concerns given France's high budget deficit and the EU's recommendation 

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