LONDON: – Europe’s main stock rose at the start of trading on Friday, building on the previous day’s sharp gains.
London’s benchmark FTSE 100 index climbed 0.38 percent to 6,490.44 points compared with Thursday’s close.
Frankfurt’s DAX 30 gained 0.92 percent to 9,901.26 points and in Paris the CAC 40 advanced 0.77 percent to 4,282.39.
Global stock markets surged in a “Santa Claus rally” on Thursday as dealers welcomed the outcome of the US Federal Reserve meeting which signalled an interest rate increase was not imminent.
Asian markets continued the trend on Friday, with Tokyo jumping 2.39 percent by the close and Hong Kong up 1.25 percent.
A positive start to European trading meanwhile “comes courtesy of a very strong finish for US stocks as the Fed’s latest ‘patience’ statement was digested well, boosting hopes of low rates for longer”, said Mike van Dulken, head of research at traders Accendo Markets.