European stock markets rebound at open

European stock markets rebound at open
Updated on

Summary Frankfurt's benchmark DAX 30 index of top companies won 2.37 percent to 9,674.61 points.

LONDON (AFP) - Europe s main stock markets rebounded Wednesday at the open as investors snapped up bargain shares, after recent heavy falls that were sparked by global growth worries.

Frankfurt s benchmark DAX 30 index of top companies won 2.37 percent to 9,674.61 points, with troubled German carmaker Volkswagen leaping 5.78 percent to 100.70 euros.

Elsewhere, London s FTSE 100 index jumped 1.65 percent to 6,006.98 points and the Paris CAC 40 leapt 2.07 percent compared with Tuesday s close to 4,433.76.

The region s equities slid Tuesday on global growth jitters, adding to heavy losses at the start of the week, but Swiss mining giant Glencore s shares had rebounded on assurances of solvency.

In initial trade on Wednesday, Glencore saw its London shares gain another 6.55 percent to stand at 85.51 pence.

Glencore s share price collapsed by almost 30 percent on Monday, rocked by gloomy analyst comments and worries about slowing economic growth in key commodity consumer China.