European stocks bounce back

0 Comments | AFP, July, 2007

LONDON (AFP) — Europe's main stock markets rebounded on Tuesday as bargain hunters snapped up cheap shares, following recent sharp losses, amid fresh takeover and company earnings news, dealers said.

London's FTSE 100 index of leading blue-chip shares jumped 1.65 percent to 6,308.30 points nearing the half-way stage.

In Frankfurt the DAX 30 leapt 1.58 percent to 7,573.94 and the Paris CAC 40 added 1.39 percent to 5,724.64 points.

The DJ Euro Stoxx 50 index of top eurozone shares won 1.48 percent to 4,302.00 points.

The euro stood at 1.3705 dollars.

Wall Street shares had powered higher to finish with solid gains Monday as investors shrugged off jitters about a widening economic crisis, sparked by US housing market woes, that led to last...