European stocks rebound slightly at open
London's FTSE 100 index rose 0.6% to 7,322.04 points after also sliding the previous day on news of elevated UK inflation
LONDON: European stock markets rebounded somewhat at the open on Thursday, after the previous day's heavy losses that were triggered by higher-than-expected US inflation.
London's FTSE 100 index rose 0.6% to 7,322.04 points after also sliding the previous day on news of elevated UK inflation.
In the eurozone, Frankfurt's DAX index advanced 0.4% to 13,078.51 points and the Paris CAC 40 won 0.2% to 6,236.87.
"Investors regained some poise after the effects of the latest inflation shock subsided," said Richard Hunter, head of markets at Interactive Investor.
Asian stocks also edged higher, tracking gains on Wall Street as markets adjusted after a rout over US inflation concerns.
Equities sank Wednesday after data showed US annual consumer price inflation slowed by only 8.3% in August from 8.5% in July.
-
US lawmakers introduces new bill to define crypto market rules -
Apple tops global smartphone market in 2025, says report -
AI boom set to lift TSMC’s Q4 profit by 27% -
An eye on 'global economic instability' as shares slumps, tensions intensify -
Tesla dethroned: BYD shocks EV market as top seller in 2025 -
China sets up $8.9B fund to boost 2026 consumer goods trade-in -
Meta to acquire Chinese AI startup Manus to expand advanced AI capabilities -
China to roll out action plan for digital yuan expansion