European stocks rebound at open


European stock markets rebounded at the open on Wednesday from a sharp drop the previous day on valuation concerns.

Investors nevertheless remain on edge after Treasury Secretary Janet Yellen hinted that US interest rates might need to be increased as government spending measures fan inflation and the economy surges.

In initial deals, London’s benchmark FTSE 100 index rose almost 0.6 percent to 6,960.97 points compared with the closing level on Tuesday. —APP

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