European stocks rally at open

Europe's main stock markets, including in London, have rallied in opening deals, rebounding from recent Brexit-driven heavy losses despite lingering fearsLondon’s benchmark FTSE 100 index won 2.0 percent to 6,103.82 points, accelerating initial gains, while Frankfurt’s DAX 30 added almost 2.1 percent to 9,458.38 points and the Paris CAC 40 jumped nearly 2.3 percent to 4,074.36. “Today’s rebound is likely just investors searching for the lows,” Spreadex analyst Connor Campbell told AFP. A “dead cat bounce” is a market term referring to a rebound briefly interrupting a prolonged market downturn.

Share this article