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France's centre-left Le Monde announces “May loses her absolute majority" anddescribes the result as a "terrible rejection" for her. It says government uncertainty “may last several weeks, which would strike a hard blow at the Brexit calendar". http://lemde.fr/2r1lChG, external

France’s left-wing Liberation declares: "Theresa May defeated at her own game." It goes on to say: "She lost. No matter what the final result is, Theresa May lost her wager and will not get the landslide she hoped for..." It says some experts see the outcome as a vote for a soft Brexit. The paper characterises Mrs May's campaign as "extremely closed, personal and with little exchanges with the wider public". http://bit.ly/2r7T0Yd, external

Business daily Les Echos describes the "prime minister's resounding failure" and praises Jeremy Corbyn's "dynamic and efficient campaign". http://bit.ly/2s9ZtBY, external

Challenged that Labour in fact lost the election, Mr Corbyn argues: "We gained seats in every region of the country. We won three million more votes on a much higher turnout. That's a pretty good result."

Asked if Labour would try to block "every move" the Conservatives made to form a coalition government with the DUP, Mr Corbyn replies: "What we were elected to do was put forward a programme which is about ending austerity in Britain, is about supporting our National Health Service and social care service, is about proper funding of our education service and is about improving the lives of people in this country."

Is it time to change how we vote?

BBC Wales political editor Nick Servini reflects on the winners and losers of the election.

Image source, Getty Images

Increased majorities and winning seats back from the Conservatives leads to a positive night for Labour in Wales.

BBC News Channel

Labour's shadow chancellor John McDonnell says he is disappointed the party did not form a majority government, but adds that: "The achievement of this campaign has been tremendous."

He says there is the potential for a minority Labour government and that the party is not looking for a coalition or any deals.

"I think we can have a stable government," he says.

Mr McDonnell believes the Conservative party "cannot re-enter Parliament" at the moment "in its current, unstable form".

People want "straight-talking, honest politics", he adds. "They don't want back-room deals or coalitions."

He says the responsibility now lies on Theresa May to stand down, saying he hopes she realises she cannot continue.

DUP leader Arlene Foster has told BBC Radio Ulster it is too soon to talk about making up a government with the Conservatives in Westminster. But she says she thinks "there will be contact made over the weekend".

"I think it will be difficult for [Theresa May] to survive," she adds.

Image source, PA

The Labour leader continues: "We are ready to do everything we can to put our programme into operation. There isn't a parliamentary majority for anybody at the present time."

Today Programme
BBC Radio 4

Former Conservative leader Iain Duncan Smith has said Theresa May's "duty is to continue" and a leadership election would be a "catastrophe".

Andrew Neil
Presenter, The Daily Politics

Darren Jones, who's been elected for Labour in Bristol West clearly didn't expect to win.

Currently a consumer rights lawyer with BT, he apparently told his boss he'd be back at work on Monday.

He now needs to have a rather "awkward conversation", he tells Radio Bristol.

Andrew Neil
Presenter, The Daily Politics

Image source, Getty Images

Mark Dampier, head of research at investment firm Hargreaves Lansdown, believes shareholders could see some volatility over the coming days but the dust should settle fairly quickly.

This is because the Tory government is likely to "remain in power but a hard Brexit now looks less likely".

"There will be no dramatic changes in domestic policy immediately as there would have been under Labour had they got in," he adds.

He also says the international nature of the UK market means that in reality the election result matters little for many UK-listed companies.

BBC News Channel

Theresa May is "holed up inside" Number 10, working out how to do a deal with the DUP to form a government, BBC political editor Laura Kuenssberg says, "her political gamble having gone so badly wrong".

Laura has been talking to senior Conservatives:

If this was to happen, a new leader could well call another general election to get a mandate - and this is something none of the Conservative party want.

There is a bit of a sense of Tories rallying around. But the DUP leader has suggested it may be very difficult for May to survive as PM, adds Laura.

The situation is very fluid, she concludes.

Labour leader Jeremy Corbyn reflects on the election result, telling reporters: "Incredible result for the Labour party because people voted for hope. Young people and old people all came together yesterday.

BBC polling guru Prof John Curtice says three things indicate this may be correct:

• The swing to Labour was "a little bit higher" in places where there were more young voters
• Turnout increased more in constituencies with more young people
• Labour candidates "did better" where turnout was higher

"It looks as it the Labour party profited from younger voters," he says, with Mr Corbyn's "bold vision" paying off. But he adds it's important to remember that the Labour party has still technically lost this election.