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 percent to 7,322.04 points after also sliding the previous day on news of elevated UK inflation, reports BSS.
In the eurozone, Frankfurt’s DAX index advanced 0.4 percent to 13,078.51 points and the Paris CAC 40 won 0.2 percent 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 percent in August from 8.5 percent in July.
