Europe: Stocks advance at open
Add BT as a preferred source
EUROPEAN stock markets opened higher on Monday (May 30) on a wave of economic optimism, dealers said.
London's benchmark FTSE 100 index of major blue-chip companies gained 0.4 per cent to 7,616.32 points, compared with the closing level on Friday.
In the eurozone, Frankfurt's DAX won 0.6 per cent to 14,555.04 points and the Paris CAC 40 climbed 0.6 per cent to 6,555.59.
Asian equities also rose as investors rediscovered some verve after the release of healthy US data and as China eases some of its strict Covid curbs in Shanghai and Beijing.
"The relief rally has taken to the global stage as investors mull the possibility of an economic return to form," said Richard Hunter, head of markets at Interactive Investor. 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
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Japan Home closing outlets; staff say Valu$ taking over operations
Timah Partners lands S$60 million facility from lenders including UOB, RHB
