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Markets

European stocks rebound from China-driven losses

Published Updated

imageLONDON: European stock markets rebounded in opening deals on Tuesday, after tanking the previous day on fresh evidence of China's economic slowdown.

In initial trade, London's benchmark FTSE 100 index of top companies rallied almost 1.1 percent to 6,158.7 points compared with Monday's close.

In the eurozone, the Paris CAC 40 index advanced 1.1 percent to 4,573.5 points and Frankfurt's DAX 30 rose 0.87 percent to 10,373.27.

Europe's main indices had tumbled on Monday in a global stock market rout that was sparked by gloomy Chinese economic data.

Asian markets mostly fell at the end of another volatile session Tuesday, a day after a global selloff that also saw trading suspended in Chinese markets.

Copyright AFP (Agence France-Presse), 2016

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