Euro extends slide as European stocks rebound

London - German and French stock markets rebounded strongly Wednesday after upbeat comments from European Central Bank (ECB) head Mario Draghi but the euro hit new multi-year lows on expectations of a US rate hike.
 
Frankfurt's DAX 30 index hit a new record-high at 11 718.41 points, later sitting at 11 687.92, a gain of 1.63% from Tuesday's close.

The CAC 40 in Paris won 1.81% to stand at 4 970.52 points in midday deals.

London's benchmark FTSE 100 index edged up 0.05% to stand at 6 706.40.