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Business / Stock Market

European stocks rebound at open

Published: 28 Jan 2015 - 12:28 pm | Last Updated: 17 Jan 2022 - 02:05 pm

 

London---European stock markets rebounded at the start of trading on Wednesday, with the technology sector lifted by Apple's record earnings posted overnight.
London's benchmark FTSE 100 index of top companies jumped 0.71 percent to 6,860.19 points, Frankfurt's DAX 30 rallied 0.85 percent to 10,719.40 points and the CAC 40 in Paris won 0.78 percent to 4,660.45 compared with Tuesday's close.
Markets had closed lower on Tuesday, weighed down by anxiety over Greece's new anti-austerity leadership and unexpectedly disappointing US economic data that sent Wall Street sinking.
But after the close of US trade, Apple announced that its quarterly profit rocketed to a corporate record $18 billion (15.9 billion euros) at the end of last year on booming sales of big-screen iPhone models, especially in China.

AFP