Share

European stock markets rebound at open

London - Europe's main stock markets rebounded on Wednesday at the open as investors snapped up bargain shares, after recent heavy falls that were sparked by global growth worries.

Frankfurt's benchmark DAX 30 index of top companies won 2.37% to 9 674.61 points, with troubled German carmaker Volkswagen leaping 5.78% to €100.70.

Elsewhere, London's FTSE 100 index jumped 1.65% to 6 006.98 points and the Paris CAC 40 leapt 2.07% compared with Tuesday's close to 4 433.76.

The region's equities slid Tuesday on global growth jitters, adding to heavy losses at the start of the week, but Swiss mining giant Glencore's shares had rebounded on assurances of solvency.

In initial trade on Wednesday, Glencore saw its London shares gain another 6.55% to stand at 85.51 pence.

Glencore's share price collapsed by almost 30% on Monday, rocked by gloomy analyst comments and worries about slowing economic growth in key commodity consumer China.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.88
+0.3%
Rand - Pound
23.86
+0.2%
Rand - Euro
20.39
+0.2%
Rand - Aus dollar
12.31
+0.2%
Rand - Yen
0.12
+0.2%
Platinum
908.05
0.0%
Palladium
1,014.94
0.0%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders