You are here

Europe: Stocks rally at open on China stimulus hopes

EUROPE STOCKS.jpg
Europe's stock markets jumped in opening deals on Tuesday, as China's economic growth hit a 25-year low and sparked speculation of more government stimulus.

[LONDON] Europe's stock markets jumped in opening deals on Tuesday, as China's economic growth hit a 25-year low and sparked speculation of more government stimulus.

London's benchmark FTSE 100 index of top companies won almost 1.6 per cent to 5,869.5 points, Frankfurt's DAX 30 leapt 2.1 per cent to 9,722.6 points and the Paris CAC 40 added nearly 1.9 per cent to stand at 4,267.8 points, compared with Monday's closing level.

Official figures showed China's gross domestic product expanded an annual 6.9 per cent in 2015, the slowest since 1990 but in line with analysts' expectations.

AFP