European stocks rebound from weekly loss

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

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