LONDON: European stock markets rebounded somewhat at the open on Thursday, after the previous day's heavy losses that were triggered by higher-than-expected US inflation.
London's FTSE 100 index rose 0.6% to 7,322.04 points after also sliding the previous day on news of elevated UK inflation.
In the eurozone, Frankfurt's DAX index advanced 0.4% to 13,078.51 points and the Paris CAC 40 won 0.2% to 6,236.87.
"Investors regained some poise after the effects of the latest inflation shock subsided," said Richard Hunter, head of markets at Interactive Investor.
Asian stocks also edged higher, tracking gains on Wall Street as markets adjusted after a rout over US inflation concerns.
Equities sank Wednesday after data showed US annual consumer price inflation slowed by only 8.3% in August from 8.5% in July.
BoE trims borrowing costs by 25 basis points to 4.75% at a regular policy meeting
Omar Ayub says PTI to continue democratic protests against government’s mishandling of national affairs
147th birth anniversary of Dr Iqbal will be observed on November 9 across Pakistan
Fed expected to cut interest rates by 25 basis points
Central Power Purchasing Agency had initially requested reduction of 71 paisa per unit for September, based on its data
Aurangzeb outlines agenda, covering economic challenges, fiscal policies, and necessary reforms to stimulate growth
