AFP, London :
Europe’s stock markets rebounded Friday on bargain-hunting and the euro slid as dealers dwelled once more on the European Central Bank’s interest rate outlook.
Meanwhile, US open stocks opened higher as data on second quarter growth beat expectations.
In afternoon trading Frankfurt stocks won 0.3 percent and Paris added 0.5 percent, while London rose 0.6 percent in value.
“Stocks in Europe are a little higher today in the wake of the major sell-off yesterday,” said CMC Markets analyst David Madden.
“Ahead of the ECB meeting, traders were expecting a dovish update, and when a mixed report was released, it triggered a wave of selling, and today we are seeing some bargain hunting.”
Europe’s stock markets rebounded Friday on bargain-hunting and the euro slid as dealers dwelled once more on the European Central Bank’s interest rate outlook.
Meanwhile, US open stocks opened higher as data on second quarter growth beat expectations.
In afternoon trading Frankfurt stocks won 0.3 percent and Paris added 0.5 percent, while London rose 0.6 percent in value.
“Stocks in Europe are a little higher today in the wake of the major sell-off yesterday,” said CMC Markets analyst David Madden.
“Ahead of the ECB meeting, traders were expecting a dovish update, and when a mixed report was released, it triggered a wave of selling, and today we are seeing some bargain hunting.”
