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European stocks attempt recovery after sell-off

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European stock markets rebounded slightly on Wednesday at the start of trading, one day after a fierce sell-off on fears of a fresh banking crisis and another global recession.

[LONDON] European stock markets rebounded slightly on Wednesday at the start of trading, one day after a fierce sell-off on fears of a fresh banking crisis and another global recession.

London's FTSE 100 benchmark index rose nearly 0.8 per cent to 5,674.4 points compared with the close on Tuesday.

In the eurozone, Frankfurt's DAX 30 index added 0.66 per cent to almost 8,938 points and the Paris CAC 40 won 0.7 per cent to 4,027.1.

Asian indices took another battering Wednesday, with Tokyo leading a day of sharp losses as investors grow increasingly concerned about the world economy.

Global equities had tumbled on Monday and Tuesday as investors failed to shake off worries over economic weakness, banking sector jitters and a gloomy oil price outlook.

AFP

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