EUROPEAN stock markets edged higher in opening deals on Friday, as investors paused after a steep slump on Thursday driven by the Federal Reserve's plans to cut easy-money stimulus.
In initial trading, London's benchmark FTSE 100 index added 0.50 per cent to 6,190.47 points, Frankfurt's DAX 30 gained 0.23 per cent to 7,946.32 points and in Paris the CAC 40 advanced 0.59 per cent to 3,720.70.
"Markets are expected to rebound today, as investors ... go bargain hunting," said Gekko Markets trader Anita Paluch.
"The real interesting question though is, how big the rebound is going to be. So far the mood is mildly up, markets have calmed, but remain sceptical."
All three main indices had tumbled on Thursday by around 3.0 per cent after the Fed signalled it may begin winding down its massive bond-buying policy, known as quantitative easing.
Investor sentiment was also rocked by more poor Chinese economic manufacturing data.
"European markets opened cautiously today after optimism was dealt a severe blow as investors continued to grapple with the announcement that stimulus measures from the US could end in the middle of 2014," said Spreadex trader Shavaz Dhalla.
"Investors seemed to be astonished by the announcement despite the fact that officials have been alluding to the possibility in recent times."
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