Europe: Stocks waver at open after rate calls

[LONDON] Europe's stock markets wavered at the open on Friday as dealers contemplated a raft of major monetary policy announcements.

London's benchmark FTSE 100 index rose 0.3 per cent to 7,278.85 points, one day after the Bank of England hiked its key interest rate to fight surging inflation.

In the eurozone, the Paris CAC 40 index added 0.1 per cent to 7,011.27 points but Frankfurt's DAX index fell 0.2 per cent to 15,608.16.

All three markets had rallied on Thursday after the US Federal Reserve and European Central Bank laid out inflation-fighting plans.

AFP