European Stocks Open Higher As Evergrande Fears Ease

Sumaira FH Published September 22, 2021 | 12:56 PM

Europe's stock markets advanced in opening deals on Wednesday, as investors tracked easing concerns over Chinese property giant Evergrande ahead of a US interest rate decision

London, Sept 22 (UrduPoint / Pakistan Point News - 22nd Sep, 2021 ) :Europe's stock markets advanced in opening deals on Wednesday, as investors tracked easing concerns over Chinese property giant Evergrande ahead of a US interest rate decision.

London's benchmark FTSE 100 index climbed almost 1.1 percent to 7,055.71 points, compared with Tuesday's closing level.

In the eurozone, the Paris CAC 40 also won 1.1 percent to 6,625.

87 points and Frankfurt's newly expanded DAX index rose 0.6 percent to 15,445.30.

Nerves appeared to be settled by news that Evergrande had agreed a plan to repay interest on one of its key bonds, for now avoiding a default that many fear could hammer the domestic and global economy.

However, confidence remains at a premium as traders await a crucial meeting of the US Federal Reserve, where it could announce a timetable to start tapering its vast monetary easing programme.