Muristek
File picture shows a bull figurine, the symbol of the Frankfurt stock exchange, in front of the German share price index DAX board at the Frankfurt stock exchange. — Reuters pic
Follow us on Instagram and subscribe to our Telegram channel for the latest updates.
LONDON, March 9 — Europe’s major stock markets rebounded sharply at the open on Wednesday from recent Ukraine-driven losses.
Frankfurt’s benchmark DAX soared 3.8 per cent to 13,321.80 points and the Paris CAC 40 surged 3.6 per cent to 6,176.99.
Outside the eurozone, London’s FTSE 100 jumped 1.8 per cent to 7,090.52 points compared with the closing level on Tuesday.
“European stock markets are enjoying a bounce this morning—some sense that the recent moves were oversold,” noted Markets.com analyst Neil Wilson.
Asian equities traded mixed Wednesday as three days of painful losses gave way to a semblance of stability, though oil prices extended gains after the United States and Britain moved to ban imports of Russian crude.
However, dealers warned of more volatility as Russia showed no sign of letting up on its invasion of Ukraine.
“Stock markets are highly volatile as uncertainties loom,” cautioned Swissquote analyst Ipek Ozkardeskaya. — AFP