FTSE 100 down 0.21%; DAX up 0.28%; CAC 40 up 0.32% (Il Sole 24 Ore Radiocor) - Milan, 23 May - European shares opened mostly higher, rebounding from yesterday's losses amid weak global markets. The Stoxx 600 index was up 0.35%.

Caution prevailed after more hawkish-than-expected minutes of the Federal Reserve's latest policy meeting that rekindled concerns over higher-for-longer US interest rates.

'Participants observed that while inflation had eased over the past year, in recent months there had been a lack of further progress toward the Committee's 2 percent objective,' the minutes said. 'The recent monthly data had showed significant increases in components of both goods and services price inflation.' The minutes also showed that 'various participants mentioned a willingness to tighten policy further should risks to inflation materialize in a way that such an action became appropriate.' Traders monitored fresh earnings reports from European companies including Rolls-Royce, Aviva, Julius Baer, Acciona, Nationwide Building Society and Wizz Air, as well as preliminary eurozone services and manufacturing activity and consumer confidence figures.

At 0735 GMT the FTSE 100 was down 0.21% at 8,353 points, the the Frankfurt DAX was up 0.28% at 18,733 points. The Paris CAC 40 was up 0.32% at 8,117 points, while in Milan the FTSE MIB was up 0.28% at 35,558 points and in Madrid the IBEX 35 was up 0.21% at 11,352 points.

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(RADIOCOR) 23-05-24 09:47:33 (0235) 5 NNNN