While the euro lost ground and European government bond prices fell and yields rose on Monday, the European markets otherwise seemed to take France’s “no” vote on the European Union constitution on Sunday in stride.

Even Turkey, which had seen its economy affected by speculation that a rejection of the constitution by France would delay its application for entry into the EU, fared remarkably well after the president of the European Commission said that the outcome would have no effect on talks toward membership in the EU.

The Turkish lira advanced 0.3 percent in relation to the US dollar to 1.370, and the ISE National-100, Istanbul’s main stock index, rose 2.2 percent to 24,977.78. In Europe, yields on the 10-year Bund were up 0.3 basis points to 3.319 percent.

Meanwhile, equities markets rose on analysts opinions that not having a constitution would not materially affect the operation of the European Union.

The FTSE Eurofirst 300 was up 0.5 percent to 1,106.79, while in Paris the CAC-40 ended the day at 4,134.87, a rise of 0.1 percent. The euro fell 0.9 percent against the US dollar to a seven-month low.