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Markets

European stocks ahead at open

Published Updated

imageLONDON: European stock markets firmed at the start of trade on Thursday, after the previous day's losses that were sparked by weak US economic growth data.

In initial deals, London's benchmark FTSE 100 index rose 0.10 percent to 6,953.17 points, Frankfurt's DAX 30 index rose 0.07 percent to 11,440.79 points and the CAC 40 in Paris added 0.02 percent to 5,040.51 compared with Wednesday's close.

Most Asian stocks however sank Thursday as the US data fell well short of forecasts, sending the dollar sliding against the euro as the chances of a Federal Reserve interest rate hike in early summer faded.

Wall Street stocks had finished lower Wednesday on news the US economy grew just 0.2 percent in the first quarter. That was well below the one percent projected by analysts.

Copyright AFP (Agence France-Presse), 2015

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