European stocks rise at open London up 0.16


(MENAFN- AFP) European stock markets rose in opening deals on Monday, extending Friday's late pre-weekend rally and before key third-quarter eurozone economic growth data.

London's FTSE 100 index climbed 0.16 percent to 6,562.46 points, Frankfurt's DAX 30 index added 0.51 percent to 9,218.81 points and in Paris the CAC 40 won 0.33 percent to 4,142.91 compared with Friday's closing values.

"Eurozone third-quarter GDP year-on-year is due to be announced later today and will be important to investors seeking confirmation of an improving environment in which to allocate," said Spreadex analyst David White.

"European debt and stocks have been yielding strong returns since the depths of its crisis and could become more attractive if proactive central bank support became matched with an across-the-board steadying of output."


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