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Space For Rent
Thursday, September 3, 2015, Bhadra 19, 1422 BS, Zilqad 18, 1436 Hijr

European equities rebound slightly
Published :Thursday, 3 September, 2015,  Time : 12:00 AM  View Count : 4

LONDON, Sept 2: Europe's stock markets rebounded somewhat in early deals on Wednesday, clawing back some of their China-inspired losses from the previous session.
In early morning trade, London's benchmark FTSE 100 index of top companies rose 0.44 percent to 6,084.9 points.
In the eurozone, Frankfurt's DAX 30 won 0.78 percent to 10,094 and the Paris CAC 40 added 0.73 percent to 4,574.30 points.
"European equities are trading slightly higher this morning showing hesitant signs of trying to stage an early rebound after yesterday's sharp sell-off," said analyst Markus Huber at brokerage Peregrine & Black.
The region's equities had tumbled on Tuesday as weak manufacturing data increased concerns about the flagging Chinese economy.
Meanwhile on Wednesday, Asian stocks were locked in a fresh round of volatility, on day after fresh evidence emerged of slowing growth in China's economy.
After hefty early losses, some regional Asian bourses reversed direction to close in positive territory, in the latest session of roller-coaster trade following a dismal day on US and European markets as concerns over the worldwide outlook were revived.
In turbulent deals on Wednesday, Shanghai plunged 4.39 percent at the beginning of the day before ending the morning 0.31 percent higher, with analysts saying the government likely provided support ahead of a two-day World War II remembrance holiday.
On Tuesday, official data showed Chinese factory activity contracted in August, the latest sign that growth in China -- which accounts for more than 13 percent of global GDP -- is slowing.
"Things are looking a bit better, if still nervy, this Wednesday morning, with the European indices posting sturdy gains as the day began," noted Spreadex analyst Connor Campbell.
"However, the fears over China are still looming above the markets like the sword of Damocles, meaning it is far too early to tell what the state of trading will be by the end of the day.
"The saving grace could be the two-day Chinese holiday that begins on Thursday, which in theory should provide a moment of respite for volatility-weary investors and therefore a chance to avoid the usual last minute panic in the minutes before the closing bell."    ?AFP

Editor : Iqbal Sobhan Chowdhury
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