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Europe: Stock markets rebound at open

[LONDON] European stock markets rebounded at the start of trading on Wednesday following heavy losses the previous session.

London's FTSE 100 won 1.0 per cent to 7,209.47 points shortly following the open and after the benchmark index had shed 2.6 per cent on Tuesday as global indices slumped on high US inflation worries.

Frankfurt's DAX 30 index meanwhile climbed 0.6 per cent to 12,466.1 points at the start Wednesday and the Paris CAC 40 won back 0.4 per cent to 5,184.08 points. Both indices had closed down by almost 2.5 per cent on Tuesday.

AFP

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