Among the international news stories worth knowing about this morning:

Reformer Hassan Rouhani has won re-election as Iran’s president in a landslidevictory and sent a quick message to conservatives that he would accelerate the country’s opening to the outside world: “Today, Iran is standing taller than at any time before and is ready to expand its relations with the world based on mutual respect and national interests. Today, the world knows that Iranians have chosen the path of interaction with the world away from extremism and violence.” Rouhani “reinvented himself as a bold champion of reform during the campaign,” Reuters reports.

Earnings at Europe’s biggest companies grew faster than those of their UScompetitors in 1Q2017. “Europe’s largest companies are on track to record their strongest quarter of profit growth in almost seven years, benefiting from something the continent hasn’t seen since before the global economic crisis: a willingness among consumers—and other companies—to spend again. … Earnings at Europe’s biggest companies leapt ahead 23% in the first quarter, analysis shows, versus comparable 14% rise in U.S.,” the Wall Street Journal reports.