Europe Shares Opened In Rebound Mode

By Yomna Yasser On May 10, 2012

European stock markets opened mostly higher on Thursday, attempting to rebound from sharp losses the prior day, with investors calming somewhat over Greece and Spain.

The Stoxx Europe 600 index (XX:SXXP) +0.22% rose 0.3% to 250.58, with heavyweight oil group Total SA (FR:FP) +1.28% TOT -2.57% up 1.3% and drugmaker Bayer AG (DE:BAYN) -1.28% up over 1%.

Leading the gains, the Spain IBEX 35 index (XX:IBEX) +1.21% rose 1% to 6,880.60, following recent sharp losses, with shares of Repsol YPF SA (ES:REP) +4.42% up 3.5% after the company reported a profit rise.

The German DAX 30 index (DX:DAX) +0.65% rose 0.7% to 6,521.75, led by a 1.3% rise for Deutsche Telekom AG (DE:DTE) +0.50% after its profit topped estimates, Market Watch reported.

The French CAC 40 index (FR:PX1) -0.10% was flat at 3,120.93, and the FTSE 100 index (UK:UKX) +0.15% was flat at 5,535.36.

Bayer AG CAC-40 DAX 30 Deutsche Telekom AG FTSE 100 index Greece IBEX 35 Money Markets