European shares were expected to bounce back on Monday, mirroring strong gains in Asia, with investors' appetite for riskier assets seen rising after U.S. lawmakers agreed on a deal to increase the
* Obama: both parties reach deal to reduce deficit Stocks rose while gold and the yen dropped on Monday as investors cut safety trades after Washington reached a last-minute deal to escape
* Facing spike in international borrowing costs Standard & Poor's cut Cyprus's credit rating by one notch on Friday and warned another cut was possible, deepening economic gloom for the island struggling
* Economy on the brink of collapse * European member of parliament and former foreign minister Ioannis Kasoulides has called for the president of Cyprus to resign in order to appease
* On track for worst week since August 2010 * World stocks headed for their biggest weekly loss in almost a year on Friday as investors piled into safe havens on
The U.S. economy stumbled badly in the first half of 2011 and came dangerously close to contracting in the January-March period, raising the risk of a recession if a stand-off over the
* Moody's issues negative review * Spanish Prime Minister Jose Luis Rodrigo Zapatero could call early general elections for November, four months early, the website of El Mundo newspaper said on
Libya's rebels said their military commander was shot dead in an incident that remained shrouded in mystery, pointing either to divisions within the movement trying to oust Muammar Gaddafi or to an
Saboteurs blew up an oil export pipeline near the central Syrian city of Homs on Friday, the official Syrian news agency said. The explosion caused an unspecified amount of oil to leak
* Yen hits new 4-month low vs dollar * Tokyo stocks fell on Friday, losing ground for a third straight day as the deadlock over raising the U.S. debt ceiling pushed
