BUSINESS European stock markets rebound at open

BUSINESS

European stock markets rebound at open

AFP

17:22, November 13, 2018

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File photo: VCG

Europe's main stock markets rebounded on Tuesday, with all eyes on heavily indebted Italy, whose populist government is set to defy the EU over its big spending plans. 

London's benchmark FTSE 100 index gained 0.2 percent to 7,065.11 points, with investors keenly awaiting an announcement that Britain has sealed a deal over Brexit.

In the eurozone, Frankfurt's DAX 30 jumped 0.7 percent to 11,402.52 points and the Paris CAC 40 rose 0.4 percent to 5,077.57.

Global stock markets had tumbled Monday, with Frankfurt shedding 1.8 percent, in part on concerns over Tuesday's EU-deadline for Rome to revise its 2019 budget.

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