Arab Today, arab today european shares inch higher as chinese stocks rebound
Last Updated : GMT 05:43:04
Arab Today, arab today
Arab Today, arab today

European shares inch higher as Chinese stocks rebound

Arab Today, arab today

Arab Today, arab today European shares inch higher as Chinese stocks rebound

European equity
Milan - SPA

European shares inched higher on Friday, signalling a possible stabilisation from this week's earlier sell-off as Chinese stocks rose after the country's circuit breaker mechanism was axed to calm investor sentiment, Reuters reported.

By 0816 GMT, the pan-European FTSEurofirst 300 index was up 0.2 percent but was still on track for its steepest weekly drop since late August. The euro zone's blue-chip Euro STOXX 50 index also advanced by 0.1 percent.

China's major stock indexes rose sharply on Friday after Beijing ditched a circuit breaker mechanism that had halted trading twice this week, and had been blamed for exacerbating the market sell-offs it was designed to limit.

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