You are here

European shares rally at open


[LONDON] European stocks rose at the opening Monday after rounding off last week in the red on concerns about the global economy, as Tokyo stocks plunged leading a sell-off across Asia.

In the eurozone, shares in Frankfurt rallied, gaining 0.5 per cent to 10,091.17 points, after losing more than 2.7 per cent at Friday's close.

In Paris, the CAC 40 firmed 0.6 per cent to 4,455.76 points, ahead of the publication of data on the eurozone and United States economy.

London's stock market was closed for a public holiday.

Tokyo stocks plunged more than three percent Monday as a surging yen hit exporters, leading a sell-off across Asia in holiday-thinned trade and after worries about the global economy fuelled sharp losses in New York and Europe.