Markets

European stock markets rebound at open

Published January 18, 2017 Updated January 18, 2017 11:12am

1 min

By Parvez Jabri

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LONDON: Europe's main stock markets recovered at the start of trading Wednesday, with London's FTSE 100 up 0.5 percent to 7,256.31 points after falling sharply the previous session.

In the eurozone, Frankfurt's DAX 30 index grew 0.5 percent to 11,592.12 points and the Paris CAC 40 won 0.3 percent to 4,874.31 compared with the close on Tuesday.

The FTSE had closed down 1.5 percent Tuesday as the pound shot higher after British Prime Minister Theresa May fleshed out her plans for Brexit.

A stronger pound weighs on the share prices of multi-nationals trading on the FTSE.

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