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Europe's main stock markets opened higher Thursday as earnings and stimulus optimism offset simmering China tensions, dealers said.
London's benchmark FTSE 100 index of major blue-chip companies rose 0.3 per cent to 6,225.61 points compared with the closing level on Wednesday.
In the eurozone, the Paris CAC 40 index climbed 0.4 per cent to 5,058.65 points and Frankfurt's DAX 30 gained 0.4 per cent to 13,159.99.
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"Hopes of more US stimulus and upbeat US earnings overnight are overshadowing rising Western tensions with China," said City Index analys Fiona Cincotta.
Asian markets were mixed Thursday as investors juggled hopes for a new US stimulus deal with concerns about the coronavirus and another flare-up between China and the United States.
European stocks struggled for direction on Tuesday, with banking shares declining ahead of the US and UK central bank meetings this week.
London's benchmark FTSE 100 index of major blue-chip companies shed 2.1 per cent to 5,882.30 points, compared with Friday's closing level.
The pan-European STOXX 600 index fell 0.8%, recovering slightly after hitting its lowest level since June 26, while bourses in Frankfurt, London and Paris were down between 0.3% and 0.6%.
The pan-European STOXX 600 index slipped 0.1%, failing to match Asian and Wall Street gains , France's CAC 40 fell 0.7% after the country set a new record of daily COVID-19 infections.
China’s new bank loans fell more than expected in April while money supply growth slowed to a 21-month low, as the central bank gradually scales back pandemic-driven stimulus to reduce debt and financial risks in hot areas of the economy. The world’s second-largest
Toyota Motor Corp forecast its profit would bounce back to pre-pandemic levels this year, as the world’s biggest automaker exuded confidence it can tackle a global chip shortage that has stung its rivals. Japan’s top automaker, which has been stockpiling the
The Danish Government has confirmed its official participation in Expo 2020 Dubai, partnering the Danish Business Council at the six-month global gathering. Reem Bint Ibrahim Al Hashemy, Minister of State for International Cooperation, and Director General
Oil prices rose on Wednesday after a drop in US crude inventories reinforced Opec’s robust demand outlook, while the market awaited fresh updates on the Colonial Pipeline outage. US West Texas Intermediate (WTI) crude futures rose 29 cents, or 0.44%, to $65.57