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Morning Bid: Pounded
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A look at the day ahead in European and global markets from Tom Westbrook

its most right-wing leader, Giorgia Meloni, since World War Two. Relatively poor performances by her euro-sceptic allies the League and Forza Italia may temper how much the power balance in Europe shifts as a result.aimed at annexing territory it has taken by force.

By incorporating the areas of Luhansk, Donetsk, Kherson and Zaporizhzhia into Russia - which could happen as soon as this week - Moscow could portray efforts to retake them as attacks on Russia itself. Besides sterling, Asian stock markets fell on Monday. European futures fell 0.3% and S&P 500 futures fell 0.6%.Economics: Euro zone Jul construction output, German Ifo Business Sentiment SurveyRegister now for FREE unlimited access to Reuters.com

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