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Europe: Stock markets rebound strongly at open

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European stock markets rebounded strongly at the start of trading on Monday following a rally in Asia, driven by hopes of a swift and solid economic recovery.

[LONDON] European stock markets rebounded strongly at the start of trading on Monday following a rally in Asia, driven by hopes of a swift and solid economic recovery.

London's benchmark FTSE 100 index surged 1.8 per cent at 6,267.78 points, having slid by 1.3 per cent Friday on profit-taking.

In the eurozone, Frankfurt's DAX 30 index jumped 1.9 per cent to 12,766.05 points at the open Monday and the Paris CAC 40 won 2.0 per cent to 5,109.28.

AFP

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