Europe: Equities stage rebound at open
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EUROPE’S main stock markets rebounded at the open on Friday (Sep 2) before key US jobs data, after diving the previous day on fears of an inflation-induced recession.
London’s benchmark FTSE 100 index of major companies rose 0.4 per cent to 7,180.87 points, compared with the closing level on Thursday.
In the eurozone, Frankfurt’s DAX index won 1.2 per cent to 12,778.52 points and the Paris CAC 40 added 0.7 per cent to 6,079.23.
All 3 markets had tanked Thursday as record-high eurozone inflation fuelled fears that interest rates are set to climb even higher, even as the region faces rocketing winter energy costs due to Russia’s war on Ukraine. AFP
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