Stock market today: Global stocks mixed after French election leaves no clear majority

Asian stocks have fallen while European markets are higher Monday after France’s elections left its legislature divided among left, center and far right, with no single political faction getting close to a majority. The CAC-40 index of large companies has erased the losses in early trading and was 0.8% higher to 7,735.17. The markets worst fear, analysts say, was a majority for either the left-wing New Front National or for the anti-immigrant National Rally led by Marine Le Pen. Both parties have made spending promises that raised fears France’s already-large deficit would swell. That has already led to a sell-off in French government bonds.