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Markets

European shares rally at open

Published Updated

imageLONDON: European stocks rose at the opening Monday after rounding off last week in the red on concerns about the global economy, as Tokyo stocks plunged leading a sell-off across Asia.

In the eurozone, shares in Frankfurt rallied, gaining 0.5 percent to 10,091.17 points, after losing more than 2.7 percent at Friday's close.

In Paris, the CAC 40 firmed 0.6 percent to 4,455.76 points, ahead of the publication of data on the eurozone and United States economy.

London's stock market was closed for a public holiday.

Tokyo stocks plunged more than three percent Monday as a surging yen hit exporters, leading a sell-off across Asia in holiday-thinned trade and after worries about the global economy fuelled sharp losses in New York and Europe.

Copyright AFP (Agence France-Presse), 2016

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