BR100 Decreased By (-0.4%)
BR30 Decreased By (-0.65%)
KSE100 Decreased By (-0.29%)
KSE30 Decreased By (-0.22%)
AGHA 6.56 Decreased By ▼ -0.11 (-1.65%)
BECO 4.40 Increased By ▲ 0.05 (1.15%)
BML 55.89 Decreased By ▼ -0.28 (-0.5%)
BOP 30.05 Decreased By ▼ -0.07 (-0.23%)
CNERGY 12.75 Decreased By ▼ -0.23 (-1.77%)
CSIL 5.21 Decreased By ▼ -0.10 (-1.88%)
FCCL 51.00 Decreased By ▼ -0.65 (-1.26%)
FFL 14.43 Decreased By ▼ -0.06 (-0.41%)
FNEL 1.22 Increased By ▲ 0.01 (0.83%)
KEL 5.97 Decreased By ▼ -0.09 (-1.49%)
KOSM 5.58 Decreased By ▼ -0.26 (-4.45%)
LOTCHEM 26.15 Decreased By ▼ -0.02 (-0.08%)
MLCF 90.33 Decreased By ▼ -0.90 (-0.99%)
NBP 161.45 Decreased By ▼ -2.74 (-1.67%)
NCPL 52.55 Decreased By ▼ -0.63 (-1.18%)
NPL 57.98 Decreased By ▼ -1.14 (-1.93%)
OGDC 315.40 Increased By ▲ 2.01 (0.64%)
PACE 9.70 Decreased By ▼ -0.07 (-0.72%)
PAEL 34.73 Decreased By ▼ -0.51 (-1.45%)
PIBTL 14.23 Decreased By ▼ -0.48 (-3.26%)
PPL 221.00 Decreased By ▼ -0.36 (-0.16%)
PRL 90.89 Decreased By ▼ -0.33 (-0.36%)
PTC 59.25 Increased By ▲ 0.06 (0.1%)
SSGC 23.39 Increased By ▲ 0.09 (0.39%)
TBL 8.65 Decreased By ▼ -0.10 (-1.14%)
TELE 7.40 Decreased By ▼ -0.21 (-2.76%)
TPL 21.00 Decreased By ▼ -1.03 (-4.68%)
TPLP 12.02 Decreased By ▼ -0.54 (-4.3%)
TREET 21.33 Decreased By ▼ -0.40 (-1.84%)
TRG 54.35 Decreased By ▼ -1.44 (-2.58%)
Markets

European stock markets rise at open in global rally

Published Updated

imageLONDON: Europe's main stock markets rose at the start of trade on Tuesday, extending a global rally despite lingering disappointment over failed Doha oil output talks.

In initial deals, London's benchmark FTSE 100 index increased by almost 0.3 percent to 6,370.75 points.

In the eurozone, Frankfurt's DAX 30 index added nearly 0.5 percent to 10,170.18 points, and the Paris CAC 40 gained 0.3 percent to 4,506.84 compared with Monday.

"European equities are trading moderately higher this morning, seeing early follow-through buying on the back of yesterday's impressive reversal," said trader Markus Huber at City of London Markets.

"The negative impact of lower oil prices continues to fade as a weaker yen is propelling stocks higher across Asia."

Tokyo led a recovery in Asian stock markets Tuesday, soaring more than three percent on the back of the weaker yen, which boosts exporters.

Dealers also built on a strong lead from Wall Street, while disappointment over failed oil talks gave way to hope for the global economy.

European equities had rebounded into modest gains on Monday, reversing initial losses sparked by the failure of oil producers to agree to an output freeze in Doha on Sunday.

The turnaround was prompted by a partial recovery in oil prices, as dealers eyed a strike that knocked out more than 60 percent of Kuwait's production.

Copyright AFP (Agence France-Presse), 2016

Comments

Comments are closed for this article.