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European stocks rebound; Frankfurt above 8,000 points

AFP,  July, 2007  

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LONDON (AFP) — Europe's main stock markets rose strongly in early trading on Tuesday, with Frankfurt's DAX spiking back above 8,000 points after a rally by Wall Street overnight.

London's FTSE 100 index of leading shares rose 0.66 percent to 6,634.30 points, Frankfurts DAX 30 index jumped 1.05 percent to 8,041.92 points and in Paris the CAC 40 climbed 0.71 percent to 6,069.70.

The DJ Euro Stoxx 50 index of leading eurozone shares increased by 1.00 percent to 4,514.77 points.

The euro stood at 1.3604 dollars.

Wall Street shares rallied Monday as investor sentiment was boosted by a flurry of news on corporate dealmaking and a robust report on the US factory sector, dealers said.

Japanese share prices closed flat Tuesday as political worries weighed on sentiment in the absence of any positive ...