European stocks recover
Friday, 20 July 2007
LONDON, July 19 (AFP): Europe's main stock markets rebounded Thursday in the wake of a recovery for Japanese share prices.
London's FTSE 100 index of leading shares rose 0.91 per cent to 6,626.60 points in early afternoon trading.
In Frankfurt the DAX 30 gained 1.10 per cent to 7,980.69 points, the Paris CAC 40 climbed 0.85 per cent to 6,047.12 points and the DJ Euro Stoxx 50 index of top eurozone shares increased by 0.83 per cent to 4,509.36.
European stock markets had been rattled Wednesday, mirroring losses on Wall Street, after US Federal Reserve chairman Ben Bernanke said a housing slump in the US would drag on growth into next year.
Japanese share prices rallied Thursday as investors chased bargains a day after sharp falls sparked by concerns about US earnings, dealers said.
In London, attention fell on Vodafone, which Thursday said it had won 9.1 million new subscribers during its first quarter owing to strong growth in emerging nations.
London's FTSE 100 index of leading shares rose 0.91 per cent to 6,626.60 points in early afternoon trading.
In Frankfurt the DAX 30 gained 1.10 per cent to 7,980.69 points, the Paris CAC 40 climbed 0.85 per cent to 6,047.12 points and the DJ Euro Stoxx 50 index of top eurozone shares increased by 0.83 per cent to 4,509.36.
European stock markets had been rattled Wednesday, mirroring losses on Wall Street, after US Federal Reserve chairman Ben Bernanke said a housing slump in the US would drag on growth into next year.
Japanese share prices rallied Thursday as investors chased bargains a day after sharp falls sparked by concerns about US earnings, dealers said.
In London, attention fell on Vodafone, which Thursday said it had won 9.1 million new subscribers during its first quarter owing to strong growth in emerging nations.