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Europe: Stocks slip at open

Wednesday, January 13, 2016 - 16:37

[LONDON] Europe's stock markets rose in opening deals on Wednesday, as oil prices bounced from 12-year lows under US$30 following upbeat Chinese trade data.

London's benchmark FTSE 100 index of top companies added almost 0.6 per cent to nearly 5,962 points compared with Tuesday's close.

In the eurozone, Frankfurt's DAX 30 gained 1.3 per cent to 10,112.4 points and the Paris CAC 40 won 1.1 per cent to stand at 4,426.8.

Most Asian equity markets also climbed, after more than a week of sharp losses fuelled by worries over China's economy, with sentiment buoyed by news that the country's exports had picked up in December.

AFP

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