Europe: Stock markets climb at open
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[LONDON] European stock markets rose slightly at the open Friday, as strong economic data out of China fuelled optimism over the global economic recovery.
London's benchmark FTSE 100 index climbed 0.3 per cent to 7,006.38 points.
In the eurozone, Frankfurt's DAX 30 index grew 0.1 per cent to 15,276.56 points and the Paris CAC 40 won 0.1 per cent to 6,242.55.
China's economy expanded at a record pace in the first quarter as the country continued its rapid recovery from last year's pandemic-fuelled slump, official data showed Friday.
It followed figures on Thursday showing US jobless claims came in at their lowest level since the pandemic began, while retail sales soared in March as Americans began spending stimulus handouts.
AFP
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus