London: Europe stock market It rebounded somewhat during the opening session on Thursday. After the previous day’s heavy losses caused by higher-than-expected US inflation.
The London FTSE 100 index rose 0.6% to 7,322.04 after sliding the previous day on news of rising UK inflation.
In the eurozone, Frankfurt’s DAX rose 0.4% to 13,078.51, and the Paris CAC 40 won 0.2% at 6,236.87.
Richard Hunter, Head of Marketing at Interactive Investor, said: “Investors are recovering somewhat after the impact of the latest shock inflation has subsided.
Asian stocks also moved higher. It tracks the rise on Wall Street as the market adjusts after defeating US inflation concerns.
share It sank on Wednesday after data showed annual U.S. consumer price inflation slowed to just 8.3 percent in August from 8.5 percent in July.