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Europe: Stocks stage rebound at open

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[LONDON] Europe's main stock markets climbed at the start of trading on Thursday, following earlier gains across most of Asia and overnight on Wall Street on easing Brexit fears.

London's benchmark FTSE 100 index advanced almost 0.6 per cent compared with Wednesday's close to open at 6,501.29 points.

In the eurozone, Frankfurt's DAX 30 rose 0.7 per cent to 9,437.47 points and the Paris CAC 40 also won 0.7 per cent to 4,115.50.

Equity markets in London, Paris, Frankfurt and Tokyo all lost more than one per cent on Wednesday, with sentiment hit by stubborn worries over the shock Brexit referendum.

Three more British commercial property funds suspended trading on Wednesday on a wave of redemptions triggered by the Brexit vote, meaning six funds have now halted trade with assets totalling around US$19.4 billion.


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