European stocks rebound from worst three-day drop since Jan

London - European stocks rose as investors assessed the extent of recent declines that dragged equities to a two-week low.

The Stoxx Europe 600 Index added 0.4% at 09:34, trimming a weekly decline that’s still poised to be its worst since November.

The benchmark tumbled 1.7% in the past three sessions as US President Donald Trump faced controversies surrounding Russia, heightening political risk sentiment.

Stoxx 600 miners outperformed most industry groups on Friday, extending their weekly advance to 1.3%.

• Carmakers, among the worst performers in the past three sessions, led gains today.
• Equities are stabilising following a rebound in US equities on Thursday, after former FBI Director Robert Mueller was appointed as special counsel to investigate Russian efforts to influence the 2016.
• American election, as well as possible collusion by Trump campaign associates.
• Among shares active on corporate news, Hikma Pharmaceuticals slid 7.5% after lowering its full-year revenue outlook.
• Dufry rallied as much as 7% after a regulatory filing showed Richemont acquired a 5% stake in the travel retailer.

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