Europe: Stock markets rebound

[LONDON] European stock markets rebounded at the open on Wednesday after slumping the previous session.

London's benchmark FTSE 100 index rose 0.4 per cent to 6,981.11 points.

In the eurozone, Frankfurt's DAX 30 index climbed 0.2 per cent to 11,298.65 points and the Paris CAC 40 was up 0.6 per cent to 4,995.77.

Global stocks tumbled Tuesday, with Frankfurt losing more than two percent, on geopolitical risks stretching from US tensions with Russia and Saudi Arabia to trade issues with China, as well as Italy's budget stand-off with the European Union.

Banking stocks were in focus Wednesday following mixed earnings from Deutsche Bank and Barclays.

Deutsche's share price slumped 3.4 per cent, while Barclays rose 0.6 per cent in initial deals.

AFP