Following the fall of the Wednesday, Western European markets slightly upset, indexes rose moderately on opening Thursday’s leading European stock exchanges.
The FTSE-100 index in London was 0.22 per cent, the DAX-30 in Frankfurt and 0.31 per cent in Paris, and the CAC-40 in Paris at 0.28 per cent above the closing price of Wednesday in the first few minutes of trading. The euro area EuroStoxx50 was in a profit of 0.11 percent.
The European stock exchanges fell short on Wednesday. DAX decreased by 1.53 percent, FTSE-100 by 1.30 percent and CAC-40 by 1.48 percent. EuroStoxx50 went down 1.34 percent.
The exchange rate of the euro has barely changed, at $ 1,1679 at around 9 o’clock in the European currency at 9 am against Wednesday’s $ 1,1675.
The oil market also started to be corrected. Following the $ 3 a fall of the previous day, Thursday’s price for North Sea Brent was $ 1.21 to $ 74.61, while the US West Texas Intermediate (WTI) barrel costed $ 49.95 to $ 70.87.