European stocks rise at open; pound recovers

London - European stock markets firmed at the open on Friday, while the pound steadied versus the euro and rose against the dollar a day after Britain's currency was hammered by Brexit fears.

London's benchmark FTSE 100 index gained 0.5% to 7 071.59 points. The index had finished slightly higher on Thursday, as a sliding pound boosted share prices of multinationals.

Meanwhile in the eurozone on Friday, Frankfurt's DAX 30 added 0.1% to 11 425.80 points at the open and the Paris CAC 40 was up 0.7% to 5 068.64.

Sterling was up 0.4% at $1.2822, while one euro was worth 88.61 pence.

British Prime Minister Theresa May was on Friday battling on to salvage a draft Brexit deal and her political future after a series of government resignations rattled sterling.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER
We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
All Share
55339.58
(+0.99)
Top 40
50692.28
(+0.83)
Financial 15
10790.70
(+3.99)
Industrial 25
74905.70
(+1.05)
Resource 10
52561.57
(-0.49)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
24% - 69 votes
No, I did not.
52% - 150 votes
My landlord refused
24% - 71 votes
Vote