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European stocks move ahead at open

European stock markets won ground at the start of trade on Wednesday, as investors contemplated US President Donald Trump’s speech to Congress overnight.

Many traders focused also on the rising dollar after two top Federal Reserve officials suggested US interest rates could rise this month.

In opening deals in London, the British capital’s benchmark FTSE 100 index of major blue-chip companies gained 0.5 per cent at 7,297.73 points.

In the eurozone, the Paris CAC 40 rose 0.1 per cent to 4,897.48 points and Frankfurt’s DAX 30 bumped 0.7 per cent higher to 11,915.03 compared with Tuesday’s closing levels.

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