European stock markets opened higher on Monday, partly recovering from the biggest weekly drop since January, as investors digested the latest developments in the Ukraine/Russia crisis. Exit polls showed 93% of voters in Crimea chose to secede from Ukraine and rejoin Russia in a referendum that was deemed illegal by the U.S., the European Union and the Ukrainian government.
The Stoxx Europe 600 index rose 0.3% to 323.15, on track to break a three-day losing run. Germany’s DAX 30 index gained 0.2% to 9,071.55, while the U.K.’s FTSE 100 index picked up 0.2% to 6,541.30. France’s CAC 40 index advanced 0.3% to 4,228.22. Vodafone Group PLC put on 1.1% after the telecom firm reached an agreement to buy Spanish cable company Ono SA.
Source : Marketwatch