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Europe: Stocks nudge ahead on opening

Tuesday, March 21, 2017 - 16:52

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[LONDON] Europe's stock markets edged higher at the open on Tuesday, after broad gains across most of Asia.

London's benchmark FTSE 100 index won almost 0.1 per cent to 7,435.48 points in initial deals, as investors awaited key British inflation data due for publication at 0930 GMT.

In the eurozone, Frankfurt's DAX 30 rose nearly 0.3 per cent to 12,083.01 points and the Paris CAC 40 gained 0.4 per cent to 5,030.20 compared with Monday's close.

Europe followed the lead of Asia, where Hong Kong hit the highest level since summer 2015, while Shanghai climbed 0.33 per cent.

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On the downside, however, Tokyo stocks lost 0.3 per cent as traders returned from a long holiday weekend to find the yen had strengthened significantly against the dollar.

The dollar has come in for heavy selling since the Federal Reserve last week raised borrowing costs but pointed to another two rises this year, confounding talk of a possible three or four.

AFP

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