Europe: Stock markets rebound at open
[LONDON] European stock markets rebounded at the start of trading on Wednesday following heavy losses the previous session.
London's FTSE 100 won 1.0 per cent to 7,209.47 points shortly following the open and after the benchmark index had shed 2.6 per cent on Tuesday as global indices slumped on high US inflation worries.
Frankfurt's DAX 30 index meanwhile climbed 0.6 per cent to 12,466.1 points at the start Wednesday and the Paris CAC 40 won back 0.4 per cent to 5,184.08 points. Both indices had closed down by almost 2.5 per cent on Tuesday.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Asia: Stocks rise on earnings optimism as US data approaches
Singapore stocks climb at Wednesday’s open; STI up 0.4%
Stocks to watch: MPACT, CapitaLand Ascott Trust, Hotel Properties, OUE Reit, CLCT
Europe: Tech, retail stocks boost Stoxx 600 to one-week high
US: Stocks climb for second straight day
Euro at highest to yen since 2008, markets nervy over Tokyo stepping in