European stocks rebound as calm returns

0 Comments | AFP, January, 2006

LONDON (AFP) — Calm returned to global stock markets with European exchanges recouping losses as Japanese shares closed sharply higher after plunging the day before.

However, mixed earnings news on both sides of the Atlantic capped investor enthusiasm.

London's FTSE 100 index of leading shares gained 0.55 percent to 5,694.70 points on Thursday, in Paris the CAC 40 added 0.63 percent to 4,801.93, and Frankfurt's DAX 30 rose 0.58 percent to 5,426.95 points.

The DJ Euro Stoxx 50 index of leading eurozone shares won 0.57 percent to 3,590.50 points.

The euro stood at 1.2083 dollars.

European stocks had fallen heavily on Wednesday, mirroring weakness worldwide as investors reacted to ongoing concerns about crude supplies and a corporate scandal in...