Publications
Partners
London - European stock markets rebounded in opening deals on Tuesday, after tanking the previous day on fresh evidence of China's economic slowdown.
In initial trade, London's benchmark FTSE 100 index of top companies rallied almost 1.1% to 6 158.7 points compared with Monday's close.
In the eurozone, the Paris CAC 40 index advanced 1.1% to 4 573.5 points and Frankfurt's DAX 30 rose 0.87% to 10 373.27.
Europe's main indices had tumbled on Monday in a global stock market rout that was sparked by gloomy Chinese economic data.
Asian markets mostly fell at the end of another volatile session on Tuesday, a day after a global selloff that also saw trading suspended in Chinese markets.
Monday's fierce selling was fuelled by gauges of Chinese factory activity contracting again in December, the latest evidence showing the world's number-two economy struggles with its lowest annual growth rates in 25 years.
The data - combined with the expiration on Friday of "circuit breaker" measures brought in to curb last year's share slump - had sent Shanghai stocks crashing almost seven percent.
Shanghai fell a further three percent at the open on Tuesday before swinging from red to green, and finally ending the day 0.3% lower.
"Any expectations for global markets to enter the new trading year calmly were completely ruined following further weak China data resulting in anxiety among investors and triggering an aggressive sell - off across global equities," said analyst Lukman Otunuga at trading firm FXTM.
He added: "Overall it is pretty clear that market participants are jittery and scattering away from riskier assets, meaning there is potential for global equities to continue these steep losses throughout the week."
