European stocks mostly rise at open

October 25, 2021: European stock markets mostly rose at the open on Monday with traders assessing earning results and looking ahead to an ECB rate decision and UK budget later in the week.

London's benchmark FTSE 100 index grew 0.4 percent to 7,233.61 points, as HSBC bank posted bumper earnings and plans to buy back shares.

All eyes later in the week will be on Britain's tax and spend plans as the country's government unveils its latest budget on Wednesday.

Also at the start of European stocks trading Monday, Frankfurt's DAX index gained 0.1 percent to 15,548.68 points.

The Paris CAC 40 opened flat at 6,732.87.

European Central Bank policymakers meet on Thursday, with markets hoping for hints on when the ECB may start raising interest rates or taper its massive pandemic-fuelled stimulus programme.

 

AFP/APP

Posted on: 2021-10-25T12:49:27+05:00

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