LONDON: Europe’s main stock markets advanced in opening deals on Monday but gains were capped by lingering fears over the economic impact of rising global interest rates.
London’s benchmark FTSE 100 index rose 0.4 percent to 7,047.25 points compared with the closing level on Friday.
In the eurozone, Frankfurt’s DAX index gained 0.3 percent to 13,162.57 points while the Paris CAC 40 won just 0.1 percent to 5,887.14.
Asian markets, however, fell further on Monday and oil prices extended losses on resurgent worries that central bank moves to rein in soaring inflation will induce recessions.
Inflation, growth woes drive European shares down for third week
Global equities were rocked last week by a fierce sell-off fuelled by the Federal Reserve’s sharp interest rate hike – the biggest in nearly 30 years – and a warning of more to come, while increases in Britain and Switzerland compounded the gloom.