BR100 Decreased By (-0.32%)
BR30 Decreased By (-0.71%)
KSE100 Decreased By (-0.29%)
KSE30 Decreased By (-0.55%)
BECO 5.84 Decreased By ▼ -0.19 (-3.15%)
BML 58.03 Increased By ▲ 5.28 (10.01%)
BOP 33.80 Decreased By ▼ -0.45 (-1.31%)
CNERGY 8.16 No Change ▼ 0.00 (0%)
DCL 11.83 Decreased By ▼ -0.51 (-4.13%)
FCCL 53.59 Decreased By ▼ -0.30 (-0.56%)
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 11.10 Increased By ▲ 0.10 (0.91%)
KEL 8.04 Decreased By ▼ -0.07 (-0.86%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.35 Decreased By ▼ -0.70 (-0.8%)
NBP 184.45 Decreased By ▼ -2.03 (-1.09%)
PACE 11.55 Increased By ▲ 0.83 (7.74%)
PAEL 40.24 Increased By ▲ 0.30 (0.75%)
PIAHCLA 26.16 Decreased By ▼ -0.01 (-0.04%)
PIBTL 17.15 Decreased By ▼ -0.17 (-0.98%)
PPL 228.50 Decreased By ▼ -4.28 (-1.84%)
PRL 34.55 Decreased By ▼ -0.40 (-1.14%)
PTC 67.41 Decreased By ▼ -0.15 (-0.22%)
SEARL 90.94 Increased By ▲ 0.01 (0.01%)
SSGC 26.84 Decreased By ▼ -0.33 (-1.21%)
TELE 8.54 Decreased By ▼ -0.03 (-0.35%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.33 Increased By ▲ 0.57 (6.51%)
TREET 24.45 Decreased By ▼ -0.09 (-0.37%)
TRG 71.60 Decreased By ▼ -0.15 (-0.21%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
Markets

European stocks rebound at open

Published January 8, 2016 Updated January 8, 2016 08:51am

imageLONDON: European stock markets mostly rebounded at the start of trading Friday ahead of key US jobs data and after tumbling the previous session on worries over weak Chinese growth.

London's benchmark FTSE 100 index rose 0.4 percent to 5,977.6 points compared with Thursday's close.

In the eurozone, Frankfurt's DAX 30 climbed 0.3 percent to 10,010.5 points and the Paris CAC 40 was flat at 4,404.2

Europe's main indices closed with losses of about 2.0 percent Thursday as signs of a dramatic slowdown in powerhouse China put fright into investors about the outlook for the world economy.

Asian stock markets meanwhile endured a volatile ride Friday.

Shanghai's main index closed up two percent but lost about one-tenth of its value over the week.

US stocks also tumbled Thursday ahead of Friday's closely watched monthly employment data from the Labor Department that is expected to show jobs growth slowed in December.

"It takes quite something to relegate the US employment report to a footnote in this week's trading activity, but the China induced volatility seen over the past few days appears to have done the trick," said Michael Hewson, chief market analyst at CMC Markets UK.

"As we come to the end of the week European equity markets look on course to post some of the worst weekly losses since the previous China induced volatility, seen last August."

Copyright AFP (Agence France-Presse), 2016

Comments

Comments are closed for this article.