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Business

European stocks rebound at open

Latest update : 2009-03-31

After recording sharp losses on Monday, European markets were up at opening. France's index CAC 40 gained 0.56% as London's FTSE won back 0.53%.

AFP - Europe's main stock markets rebounded slightly at the start of trading on Tuesday after suffering sharp losses a day earlier.

In initial trade, London's FTSE 100 index of leading shares rose 0.53 percent to 3,782.90 points. In Paris, the CAC 40 in Paris won back 0.56 percent to 2,734.69 points and in Frankfurt the DAX 30 climbed 0.46 percent to 4,007.66 points.

European stock markets had plummeted on Monday, with Frankfurt closing down 5.10 percent, as the US unveiled plans for a major shake-up for the ailing auto industry.



 

Date created : 2009-03-31

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