(Alliance News) - European stock markets trade in a bullish trend Monday as investors carefully assess the aftermath of the French parliamentary runoff vote, where a potential political stalemate scenario is indicated.

The New Popular Front, the left-wing alliance formed to counter the advance of the Rassemblement National in the second round of the French legislative elections, won the most seats in the upcoming National Assembly, consisting of 577 deputies. According to final figures from the Ministry of the Interior, the NFP will have 182 seats.

The centrist coalition supporting President Emmanuel Macron, Ensemble, won 168 seats. Marine Le Pen's Rassemblement National, in alliance with part of the Republicains led by Eric Ciotti, came third with 143 elected deputies.

Thus, the FTSE Mib, is trading in the green by 0.9 percent at 34,277.40.

The Mid-Cap is up 0.3% to 48,101.10, the Small-Cap is fractionally advancing 29,344.58, and Italy Growth is in the green 0.1% to 8,101.42.

In Europe, Paris' CAC 40 is advancing 0.5 percent, London's FTSE100 is rising 0.3 percent, and Frankfurt's DAX 40 is in the green by 0.5 percent.

On the Mib, good session for FinecoBank, which is advancing 2.8% to EUR15.24. Of note, Jefferies raised its target price to EUR16.30 from the previous EUR12.60.

Marked buying also on BPER Banca, which brings the price bar up 5.2 percent, following Friday night's 1.3 percent decline.

Strength also on Banca Monte dei Paschi, which advances 4.3 percent to EUR5.04 per share after a 1.9 percent redline in the previous session.

Tenaris--down 0.5%--reported that from July 1 to July 5 the company purchased a total of about 3.69 million of its own ordinary shares. The weighted average price was EUR14.41 per share, for a total consideration of EUR53.2 million.

Amplifon, on the other hand, is giving up 1.8 percent to EUR30.56 per share, in its fourth bearish session.

On the Mid-Cap, Fincantieri is advancing 5.6 percent to EUR5.15 per share. Of note, Eleva Capital last week cut its short on the stock to 0.43% from 0.56% previously.

Strength also on MFE class B shares, up 2.3 percent to EUR4.27 per share, after a 1.1 percent green in the previous session.

Anima Holding's net inflows of assets under management -- in the green by 0.8% -- in June, excluding class I insurance proxies, were positive at EUR88 million, the company said in a note on Friday. At the end of June, the Anima group's total assets under management stood at EUR197.8 billion.

Among the many bearers, GVS is giving up 3.1 percent, subject to profit taking after three sessions of good gains.

At the tail end, Juventus FC is giving up 4.8%, pricing itself at EUR2.40 and breaking a six-session bullish trend.

On the Small-Cap, strength on Fidia, which moves ahead 9.0% to EUR0.7280, in its fifth bullish session.

Beghelli, meanwhile, advances 2.8%, advancing to its third session to close with a bullish candle.

Among the many bearish performers, AbitareIn is giving up 5.2 percent, breaking a three-session bullish mini-trend.

Eems, on the other hand, is leaving 5.7% at EUR0.2580 on the sidelines, in its fourth bearish session.

Among PMIs, Execus is advancing 3.3% to EUR1.86, enlivening the stock after two flat sessions.

expert.ai is marking plus 2.3% after Friday's 0.7% decline.

Clabo, on the other hand, is advancing 2.9%, after a 2.9% negative balance on Friday evening.

Websolute -- in the red by 0.8 percent -- on Monday announced a strategic partnership with ABLE by Certottica Group to implement a Human Empowering project that combines ABLE-Certottica Group's reputation, credibility and specialized know-how with Websolute's digital expertise and technological innovation.

In New York on Friday evening, the Dow rallied 0.2 percent, the S&P advanced 0.5 percent, and the Nasdaq is advancing 0.9 percent.

Among the Asian exchanges, the Nikkei gave up 0.3 percent, the Shanghai Composite posted minus 0.9 percent, while the Hang Seng gave up 1.6 percent.

Among currencies, the euro changed hands at USD1.0834 from USD1.0829 in Friday's European stock close while the pound was worth USD1.2809 from USD1.2810 on Friday evening.

Among commodities, Brent crude trades at USD86.14 per barrel from USD87.80 per barrel at Friday's close. Gold, on the other hand, trades at USD2,380.48 an ounce from USD2,386.03 on Friday evening.

On Monday's macroeconomic calendar, a 3-month and 6-month Treasury bond auction is scheduled in the US in the afternoon at 1700 CEST.

By Maurizio Carta, Alliance News reporter

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