European stocks rebound at open; London up 2.8%

March 02, 2020: European stock markets rebounded strongly at the start of trading on Monday, with London surging 2.8 percent after last week's coronavirus-fuelled plunge for equities.

Shortly after the open, London's benchmark FTSE 100 index rallied to 6,766.84 points after diving 11.1 percent last week.

In the eurozone, Frankfurt's DAX 30 index recovered 1.8 percent to 12,108.01 points and the Paris CAC 40 jumped 2.1 percent to 5,421.09.

AFP/APP

Posted on: 2020-03-02T13:46:00+05:00

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