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Markets

European stocks rebound at open

Published May 20, 2016 Updated May 20, 2016 10:12am

imageLONDON: European stock markets rebounded at the start of trading on Friday following sharp losses the previous session.

London's benchmark FTSE 100 index climbed 0.9 percent to 6,108.42 points compared with Thursday's close.

Frankfurt's DAX 30 index won 0.8 percent to 9,878.49 points and the Paris CAC 40 jumped 1.0 percent to 4,323.62.

Europe's main stock markets had slumped on Thursday, with London shedding 1.8 percent in value, as traders reacted to concerns about a possible US rate hike next month.

Copyright AFP (Agence France-Presse), 2016

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