European equities extend gains at open

• The benchmark FTSE 100 index in London reached 7,148.03 points on Tuesday, representing an increase of 0.4 percent.
• Frankfurt’s DAX rose by 0.9 percent to 13,381.65 points within the eurozone.
• The Paris CAC 40 rose by 1.2 percent to 5,989.52 points.

European equities markets surged more in early trading, echoing gains across Asia as markets regained some stability following last week’s volatility.

Following the close of trading on the previous day, the benchmark FTSE 100 index in London reached 7,148.03 points, representing an increase of 0.4 percent.

Read More: European shares weakened following strong weekly loss for global stocks

Frankfurt’s DAX rose by 0.9 percent to 13,381.65 points within the eurozone, while the Paris CAC 40 rose by 1.2 percent to 5,989.52 points.

On Monday, the region’s stock market was able to recover, which came about in spite of ongoing concerns regarding the economic impact of rising global interest rates.

After the Federal Reserve of the United States raised interest rates by the most in nearly 30 years, global markets plummeted last week, and hikes in interest rates in the United Kingdom and Switzerland added to the pessimism in the market.

Read More: European equities rebound as ECB holds emergency meet

Previously on European equities

European equities rose on Wednesday as the European Central Bank convened an emergency meeting to discuss volatile euro zone bond markets and increasing inflation, while investors braced for a major US rate hike.

Stock markets in Frankfurt, London, and Paris gained, and the euro rose against the dollar, as investors were soothed by news of the impromptu ECB meeting, which began at 1000 GMT.

All three main indices had slid Tuesday on growing expectations that the Federal Reserve will move aggressively to combat inflation at the conclusion of its latest scheduled monetary policy meeting on Wednesday.