Europe: Equities extend gains at open

Published Tue, Jun 21, 2022 · 03:56 PM
    • London's benchmark FTSE 100 index rose 0.4 per cent to 7,148.03 points compared with the closing level on Monday (Jun 20).
    • London's benchmark FTSE 100 index rose 0.4 per cent to 7,148.03 points compared with the closing level on Monday (Jun 20). PHOTO: REUTERS

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    EUROPE'S main stock markets advanced further in opening deals on Tuesday (Jun 21), mirroring gains across Asia as some stability returned to markets following last week's turmoil.

    London's benchmark FTSE 100 index rose 0.4 per cent to 7,148.03 points compared with the closing level on Monday.

    In the eurozone, Frankfurt's DAX gained 0.9 per cent to 13,381.65 points and the Paris CAC 40 won 1.2 per cent to 5,989.52.

    The region's equities had also rebounded on Monday despite lingering fears over the economic impact of rising global interest rates.

    Global stocks suffered a selloff last week after the US Federal Reserve ramped up interest rates by the biggest amount in nearly 30 years, while increases in Britain and Switzerland compounded the gloom. AFP

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