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Europe markets attempt recovery at open

AFP
20 May 2021 13:32:01 | Update: 20 May 2021 13:32:01
Europe markets attempt recovery at open
A screen displays the CAC 40 amongst stock tickers displayed at the headquarters of the Pan-European stock exchange Euronext, in La Defense district, near Paris, March 9, 2020. — AFP Photo.

European stock markets climbed at the open on Thursday, staging a partial recovery from the previous day's slump.

In initial trade, London's FTSE 100 index rose 0.5 per cent to stand at 6,984.18 points, compared with Wednesday's closing level.

In the eurozone, Frankfurt's DAX 30 index won 0.7 per cent to 15,221.42 points and the Paris CAC 40 added 0.6 per cent to 6,301.89.

Europe's major bourses had tanked Wednesday on fears that central banks will wind down easy money policies to tame high inflation.

Asian indices however diverged Thursday as minutes showed some Federal Reserve officials contemplating a wind-down of its vast monetary easing measures.

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