European stocks rebound

Published: August 30, 2017 17:22:22 | Updated: October 20, 2017 17:10:03


Europe's stock markets rebounded at the start of trading on Wednesday, reversing the previous day's heavy losses after US President Donald Trump's measured response to North Korea's missile launch

 

In initial deals, London's benchmark FTSE 100 index of major blue-chip firms rose 0.5 per cent to 7,375.59 points.

 

In the eurozone, Frankfurt's DAX 30 won about 0.7 per cent to 12,026.45 points and the CAC 40 in Paris added 0.6 per cent to 5,063.24 points compared with the closing levels on Tuesday, reports AFP.

 

Asian bourses also clawed their way higher after Wall Street rose overnight despite jitters over North Korea.

 

Equities rebounded on Wednesday thanks to a "calming of nerves regarding the North Korean threat", noted Accendo Markets analyst Mike van Dulken.

 

"This comes largely from a rather calm response from US President Trump -- for once not via Twitter -- and in spite of Pyongyang keeping up its aggressive rhetoric."

 

Global stocks were rattled Tuesday after nuclear-armed North Korea fired a missile into Japanese air space, deepening geopolitical worries while sending safe-haven assets like gold higher.

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