Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

SOUTH AFRICA'S RAMAPHOSA HAILS 'NEW DAWN' IN STATE OF THE NATION ADDRESS

Read more

MEDIAWATCH

A controversial Chinese New Year

Read more

THE WORLD THIS WEEK

New Beginning? Ramaphosa Replaces Zuma in South Africa

Read more

FRANCE IN FOCUS

On the green slopes: An eco-friendly revolution in French ski resorts?

Read more

YOU ARE HERE

The Élysée palace, France's presidential powerhouse

Read more

DOWN TO EARTH

Is the aviation industry free-riding on climate change efforts?

Read more

FOCUS

The revival of the Ethiopia-Djibouti railway line

Read more

REPORTERS

Video: Girls in Malawi victims of 'sexual cleansing' ritual

Read more

REVISITED

Video: How the 2014 Winter Olympics transformed Sochi

Read more

Business

European stock markets open higher

Text by News Wires

Latest update : 2011-08-23

European stock markets rallied at the start of trading on Tuesday with London, Frankfurt and Paris all opening up with gains of more than one percent following rises by Asia's top indices.

AFP - European stock markets rallied at the start of trading on Tuesday with London, Frankfurt and Paris all opening up with gains of more than one percent following rises by Asia's top indices.

London's FTSE 100 index of leading shares advanced 1.02 percent to 5,147.27 points, Frankfurt's DAX 30 index gained 1.01 percent to 5,529.26 points and in Paris the CAC 40 was up 1.22 percent to 3,088.75 points.

Asian stock markets closed higher on Tuesday thanks to bargain-hunting and a positive lead from Wall Street overnight, while Japanese shares were supported by a stable yen-dollar, traders said.

Sentiment was also given a slight lift by better-than-expected preliminary manufacturing activity data from China that raised hopes a feared hard landing in the world's number two economy was less likely.

However, investors remain nervous about the state of the global economy, pushing safe-haven gold to fresh records above $1,900 an ounce.

Date created : 2011-08-23

  • ECONOMY

    Gold hits record price of $1,900 per ounce

    Read more

  • MARKETS

    US markets boosted by hope of end to Libyan conflict

    Read more

COMMENT(S)