Europe: Stocks rise at open on recovery hopes

[LONDON] European stock markets opened higher Monday on hopes that vaccines and stimulus would fuel global economic recovery from the coronavirus crisis, dealers said.

In initial deals, London's benchmark FTSE 100 index of major blue-chip companies added 0.4 per cent to 6,788.60 points.

In the eurozone, Frankfurt's DAX 30 firmed 0.2 per cent to 14,535.65 and Paris won 0.5 per cent to 6,077.57.

Asian bourses however diverged as an early rally lost momentum before Wednesday's US Federal Reserve monetary policy meeting.

AFP