BR100 Decreased By (-0.15%)
BR30 Decreased By (-0.74%)
KSE100 Decreased By (-0.41%)
KSE30 Decreased By (-0.67%)
BECO 5.80 Decreased By ▼ -0.23 (-3.81%)
BML 58.03 Increased By ▲ 5.28 (10.01%)
BOP 33.85 Decreased By ▼ -0.40 (-1.17%)
CNERGY 8.15 Decreased By ▼ -0.01 (-0.12%)
DCL 11.77 Decreased By ▼ -0.57 (-4.62%)
FCCL 53.35 Decreased By ▼ -0.54 (-1%)
FCSC 5.40 Increased By ▲ 0.18 (3.45%)
FFL 17.89 Decreased By ▼ -0.14 (-0.78%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.06 Increased By ▲ 0.06 (0.55%)
KEL 8.05 Decreased By ▼ -0.06 (-0.74%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.19 Decreased By ▼ -0.86 (-0.98%)
NBP 184.60 Decreased By ▼ -1.88 (-1.01%)
PACE 11.62 Increased By ▲ 0.90 (8.4%)
PAEL 40.31 Increased By ▲ 0.37 (0.93%)
PIAHCLA 26.10 Decreased By ▼ -0.07 (-0.27%)
PIBTL 17.09 Decreased By ▼ -0.23 (-1.33%)
PPL 228.40 Decreased By ▼ -4.38 (-1.88%)
PRL 34.59 Decreased By ▼ -0.36 (-1.03%)
PTC 67.35 Decreased By ▼ -0.21 (-0.31%)
SEARL 91.00 Increased By ▲ 0.07 (0.08%)
SSGC 26.90 Decreased By ▼ -0.27 (-0.99%)
TELE 8.53 Decreased By ▼ -0.04 (-0.47%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.29 Increased By ▲ 0.53 (6.05%)
TREET 24.59 Increased By ▲ 0.05 (0.2%)
TRG 71.69 Decreased By ▼ -0.06 (-0.08%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
Markets

European stocks rise at open

Published August 17, 2015 Updated August 17, 2015 08:57am

imageLONDON: European stock markets rose at the start of trading on Monday, with London's benchmark FTSE 100 index gaining 0.43 percent to 6,579.08 points.

Frankfurt's DAX 30 won 0.54 percent to 11,044.75 points and the CAC 40 in Paris climbed 0.81 percent to open at 4,996.76 compared with Friday's close.

Europe's main stock markets had closed slightly lower on Friday at the end of a turbulent week for equities and other financial markets, triggered by concerns over the Chinese and Greek economies.

Asian indices were mixed on Monday, with Tokyo helped by better-than-expected Japanese growth figures while Shanghai see-sawed as economic concerns overshadowed a government pledge to support China's volatile stock markets.

The dollar strengthened after solid US data boosted expectations of an imminent rate rise, heaping pressure on oil prices.

China's central bank meanwhile raised the value of the yuan against the dollar by 0.01 percent, the national foreign exchange market said, after a devaluation last week rocked markets.

Regarding Greece, German Chancellor Angela Merkel and her hardline Finance Minister Wolfgang Schaeuble on Sunday hailed a dramatic change in their eurozone partner's approach to its debt crisis ahead of a key parliamentary vote in Berlin on a fresh bailout.

Before German MPs are asked to approve a third rescue package for debt-mired Greece on Wednesday, Merkel said Athens' new willingness to embrace reforms was down in part to Berlin's -- and in particular Schaeuble's -- unyielding stance.

Copyright AFP (Agence France-Presse), 2015

Comments

Comments are closed for this article.