Europe Roundup: Stocks climb
LONDON: European stock markets rose yesterday as lawmakers in the United States neared a budget deal to reopen government services and raise the borrowing limit to avoid a default.
Approaching midday in the British capital, London's benchmark FTSE 100 index was up 0.77 per cent at 6,558.01 points, as investors reacted to news also that British inflation remained steady in September.
In Frankfurt, the DAX 30 jumped 0.70 per cent to 8,785.29 points and the CAC 40 in Paris grew 0.52 per cent to 4,245.03 compared with Monday's closing values.
Meanwhile, the FTSEurofirst 300 index of top European shares ended 0.1 per cent higher in the previous session and a further rise would push the index to its highest level since early October. The index is up more than 10 per cent this year. Agencies