European stocks rebound slightly at open

Europe’s main stock markets rebounded slightly at the open Tuesday as positive Chinese data helped to offset ratings agency Moody’s shock decision to lower its outlook on Germany, traders said.

By (AFP)

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Published: Tue 24 Jul 2012, 3:02 PM

Last updated: Tue 7 Apr 2015, 12:54 PM

London’s benchmark FTSE 100 rose 0.38 percent to 5,554.82 points, Frankfurt’s DAX 30 edged up 0.02 percent to 6,420.82 points and in Paris the CAC 40 climbed 0.42 percent to 3,114.85.

Europe’s main indices lost between 2.0 and 3.2 percent on Monday over speculation that embattled eurozone nation Spain could soon require a full state bailout.

After the close, Moody’s took the first step toward stripping Germany of its coveted triple-A credit rating, cutting the outlook for Europe’s largest and most pivotal economy to “negative.”


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