Europe: Stock markets rebound; London up 3%

[LONDON] European stock markets rebounded at the start of trading Friday, but failed to overturn the previous day's plunge seen on heightened recession fears triggered by the coronavirus pandemic.

Shortly after the open, London was up 3.4 per cent, Frankfurt rose 2.1 per cent, Paris gained 2.4 per cent and Milan rallied 4.5 per cent.

Paris suffered its worst one-day lost ever Thursday and London and Frankfurt had their blackest days since the late 1980s with losses of around 10-12 per cent.

AFP