European stocks attempt recovery after sell-off
[LONDON] European stock markets rebounded slightly on Wednesday at the start of trading, one day after a fierce sell-off on fears of a fresh banking crisis and another global recession.
London's FTSE 100 benchmark index rose nearly 0.8 per cent to 5,674.4 points compared with the close on Tuesday.
In the eurozone, Frankfurt's DAX 30 index added 0.66 per cent to almost 8,938 points and the Paris CAC 40 won 0.7 per cent to 4,027.1.
Asian indices took another battering Wednesday, with Tokyo leading a day of sharp losses as investors grow increasingly concerned about the world economy.
Global equities had tumbled on Monday and Tuesday as investors failed to shake off worries over economic weakness, banking sector jitters and a gloomy oil price outlook.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade
Israel hits back, markets react; STI down 0.4%
Oil jumps, equities fall as Iran blasts fan Middle East tensions
Tokyo: Nikkei index tumbles 3% in morning trade
Singapore shares open higher on Friday; STI up 0.2%