London stock market begins 2017 with record high

London stock

European stock markets rose at the start of trading today, with London reaching a new high as it kicked off its first session of 2017.

Shortly after 8.30am, London’s FTSE 100 had climbed 0.77% to 7,197 compared with the finish on Friday, when the benchmark index closed at a record high.

Meanwhile, in the euro zone Frankfurt’s DAX index has gained 0.43% to open at 11,635, compared with its closing level yesterday.

The Paris CAC, which also traded yesterday, is 0.57% higher and has reached a 13-month high of 4,910.

In Dublin the ISEQ is also up on its first trading day of the year, gaining 0.93% to 6,577.

Earlier in Asia, Hong Kong and Shanghai stocks ended higher after opening flat on the first trading day of the year.

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The author Paul