Europe ends higher at open

Dhaka,  Sun,  28 May 2017
Published : 20 May 2017, 21:50:08
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Europe ends higher at open



LONDON, May 20 (AFP): European stock markets opened the session cautiously higher on Friday, as prices in the United States and Asia stabilised from the heavy sell-off seen in recent days, traders said.

London's benchmark FTSE 100 index added 0.3 per cent to 7,459.17 points compared with the close on Thursday.

In the eurozone, Frankfurt's DAX edged up 0.2 per cent to 12,612.30 points and the Paris CAC 40 also rose 0.2 per cent to 5,299.40.

"US bourses found their 'mojo' last night, recovering some of their recent losses. Asian investors have also largely progressed overnight, but sentiment still retains a cautious bias in response to recent political turbulence," said Mike van Dulken of Accendo Markets.

Global markets have been rocked this week by claims that US President Donald Trump pressed his former FBI chief James Comey to drop a probe into ex-national security advisor Michael Flynn's links to Moscow.

That came a day after it was reported Trump had divulged classified information to Russia's foreign minister, fanning further allegations about his own ties to the country's leaders.
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