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Europe: Stock markets climb at open

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[LONDON] European stock markets rose at the start of trading Wednesday following strong gains in Tokyo and overnight on Wall Street thanks to coronavirus vaccine and US stimulus hopes, dealers said.

London's benchmark FTSE 100 index was up 0.8 per cent to 6,228.71 points, with traders brushing aside official data showing Britain's annual inflation rate edged up in June.

In the eurozone, Frankfurt's DAX 30 index advanced 0.9 per cent to 12,806.87 points and the Paris CAC 40 climbed 0.8 per cent to 5,044.80.

In Britain, the Consumer Prices Index annual inflation rate nudged higher to 0.6 per cent in June from 0.5 per cent in May, the Office for National Statistics said.

AFP

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