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European stocks climb at open

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European stock markets rose at the open Wednesday, with FTSE 100 index up 0.3 per cent at 6,843.56 points before Britain’s first budget since the UK voted in favour of leaving the European Union.

In the Eurozone, Frankfurt’s DAX 30 edged up 0.1 per cent to 10,718.89 points compared with Tuesday’s close, while the Paris CAC 40 gained 0.2 per cent to 4,557.93.

Britain’s parliament will the centre of attention from 1230 GMT where finance minister Philip Hammond delivers his so-called Autumn Statement against the backdrop of the country’s looming exit from the European Union (EU).

According to analysts, Mr Hammond’s hopes of easing years of austerity could be hampered by financial uncertainty surrounding Britain’s Brexit strategy.

Paul

The author Paul