European stocks bounce back at open

News Image

MG News | January 11, 2022 at 01:51 PM GMT+05:00

0:00

January 11, 2022: Europe's stock markets opened higher Tuesday in choppy trade on the eve of key US inflation data, as investors went bargain hunting after recent falls.

London's benchmark FTSE 100 index rose 0.6 percent to 7,491.36 points compared with the closing level on Monday.

In the eurozone, Frankfurt's DAX index won almost 1.0 percent to 15,921.68 points and the Paris CAC 40 added 1.1 percent to 7,196.96.

"Some tentative buying activity ... as investors sought to benefit from the recent dips," said Richard Hunter, head of markets at Interactive Investor.

On the downside, most Asian indices retreated as investors grew increasingly concerned about the Federal Reserve's plans to wind back its financial support measures and lift interest rates within months in order to tackle surging inflation.

Markets are now cautiously awaiting the release of US inflation figures on Wednesday, which could play a major role in the Fed's thinking.

"Investors should keep in mind that stock markets are likely to be volatile over the next few days, mainly because of the inflation data scheduled to be released tomorrow," said AvaTrade analyst Naeem Aslam.

AFP/APP

Related News

Name Price/Vol %Chg/NChg
KSE100 135,939.87
307.74M
-0.41%
-562.67
ALLSHR 84,600.38
877.08M
-0.56%
-479.52
KSE30 41,373.68
101.15M
-0.43%
-178.94
KMI30 191,069.98
82.45M
-1.17%
-2260.79
KMIALLSHR 55,738.07
422.01M
-1.03%
-577.24
BKTi 38,489.75
45.79M
-0.02%
-8.33
OGTi 27,788.15
6.87M
-1.24%
-350.24
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 116,655.00 120,695.00
116,090.00
-3580.00
-2.98%
BRENT CRUDE 68.78 69.41
68.60
-0.43
-0.62%
RICHARDS BAY COAL MONTHLY 96.50 96.50
96.50
0.50
0.52%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.25
-2.05
-1.92%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.62 67.13
66.22
-0.36
-0.54%
SUGAR #11 WORLD 16.56 16.61
16.25
0.26
1.60%

Chart of the Day


Latest News
July 15, 2025 at 05:46 PM GMT+05:00

Labubu Mania drives Pop Mart’s profit surge


July 15, 2025 at 05:22 PM GMT+05:00

Big industry output rises 2.29% in May


July 15, 2025 at 04:22 PM GMT+05:00

SYS set for 71% profit surge on global tailwinds



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg