French, Italian, Spanish Stocks Shake Off Election Worries

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MADRID—Most European stock markets rebounded from early tumbles in the wake of weekend election results in France and Greece, boosted by gains for resources and construction companies.

The Stoxx Europe 600 index rose 0.7% to close at 254.83 after being down more than 0.5% earlier.

But Greek stocks remained deep in negative territory on the inconclusive result of the country's parliamentary vote, which sparked fears that a political vacuum created by a weak coalition could derail efforts to comply with terms of the country's second bailout. The ASE Composite index sank 6.7% to 643.87, as National Bank of Greece plummeted 8.3%.