EU Stocks Shake Election Hangover

    Declining charts are displayed on the real time index board in a visitors' sector at Bovespa stock exchange in Sao Paulo, Brazil on May 3, 2012. AFP PHOTO/Yasuyoshi CHIBA        (Photo credit should read YASUYOSHI CHIBA/AFP/GettyImages)

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    German Chancellor Angela Markel instilled a small measure of confidence in European investors Monday, saying she would welcome newly elected French President Francois Hollande with "open arms." Stocks dipped, then advanced in the first day of business after elections in Greece and France that were widely seen as rebukes by voters against leaders who favored austerity measures to solve Europe's debt crisis. Market indexes rose in 10 out of 16 European nations early Monday after sustaining brief pre-trading dips. Merkel told reporters she is ready to work with the socialist Hollande to promote sustainable growth for the euro zone.

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