Europe open: Stocks bounce back amid earnings avalanche

LONDON (ShareCast) – (ShareCast News) – European stocks rose in early trade, bouncing back from heavy losses in the previous session following a late rebound on Wall Street as investors sifted through a deluge of earnings.At 0855 GMT, the benchmark Stoxx Europe 600 index was up 1.5%, Germany’s DAX was up 0.9% and France’s CAC 40 was 1.6% higher,”European bourses are taking their lead from the late rally on Wall St shrugging off the slump in Chinese stocks overnight