European stocks open higher


LONDON: European stock markets opened with solid gains on Tuesday, as London’s benchmark FTSE 100 index grew 0.65 percent to 6,404.52 points.

Frankfurt’s DAX 30 jumped 0.90 percent to 8,983.06 points and in Paris the CAC 40 climbed 0.26 percent to stand at 4,107.57 compared with Monday’s closing value.

Europe’s main stock markets had fallen sharply on Monday as negative German business data overpowered broad relief after the European Central Bank gave passing grades to a comfortable majority of eurozone banks subjected to stress tests.

Asian equity markets ended mixed on Tuesday ahead of the US Federal Reserve’s next policy meeting, which will be scrutinised for an idea of what its plans are for interest rates in the world’s biggest economy.

SOURCE: APP/AFP

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