Europe: Stocks rebound at open as Trump concerns ease

[LONDON] Europe's main stock markets rebounded in opening deals on Tuesday, mirroring a broad rally in Asia, as concerns eased over Donald Trump's planned trade tariffs.

In initial deals, London's benchmark FTSE 100 index of top blue-chip companies rose 0.8 per cent to 7,171.37 points compared with the closing level on Monday.

In the eurozone, Frankfurt's DAX 30 jumped 1.1 per cent to 12,229.29 points and the Paris CAC 40 won 0.7 per cent to 5,203.11.

And in Italy, the FTSE MIB in Milan opened 1.0 per cent higher at 22,049.90 points, having shed 0.4 per cent the previous day in the wake of Italy's uncertain election outcome.

President Trump had sparked fears of a global trade war late last week when he unveiled plans to slap levies on imports of steel and aluminium.

The news sent markets tumbling, with investors already on edge at the prospect of rising interest rates and the end of crisis-era central bank stimulus measures.

However, doubts are now starting to emerge about whether Mr Trump will press ahead with his extreme protectionist policies, dealers said.

AFP