Don't miss

Replay


LATEST SHOWS

FRANCE IN FOCUS

France's chronic unemployment problem

Read more

EYE ON AFRICA

Candidates Goodluck Jonathan and Mohamudu Buhari call for calm

Read more

MEDIAWATCH

Anger at mental health stigmatisation after crash allegations

Read more

THE WORLD THIS WEEK

Yemen, the Escalation; France's Three Way Race; Clarkson Shown the Exit (part 2)

Read more

THE WORLD THIS WEEK

Germanwings Crash; Co-pilot 'hid illness' on crash day (part 1)

Read more

#THE 51%

The extraordinary tale of the Egyptian mother who lived as a man

Read more

REPORTERS

Video: San Cristobal, Venezuela's tinderbox

Read more

FOCUS

Portugal: Anger at corruption scandals, one year after bailout

Read more

YOU ARE HERE

Bistronomy: Stylish and simple eating

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)