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European Stocks Rebound At Open

Fahad Shabbir (@FahadShabbir) Published August 03, 2016 | 01:02 PM

European stocks rebound at open

LONDON, (UrduPoint / Pakistan Point News - 3rd Augst,2016) : Europe's main stock markets staged a modest rebound at the open on Wednesday, with London's FTSE 100 index up 0.3 percent to 6,661.85 points. In the eurozone, Frankfurt's DAX 30 added almost 0.1 percent to 10,150.13 points and the Paris CAC 40 rose 0.4 percent to 4,346.31.

The region's markets had retreated Tuesday on fears over banks, ultra-low oil prices and disappointment over Japan's vast stimulus, dealers said. Asian stocks however tumbled for a second day Wednesday, extending the global retreat with Tokyo taking a hit from a strong Yen after Japan's economy-boosting stimulus programme fell flat with investors.

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