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Europe stocks open higher after rollercoaster week

Reuters - UK Focus

LONDON, Aug 28 (Reuters) - European equities opened higher on Friday, having already recouped all their losses from a bruising 8 percent correction earlier this week, with investors betting on easy central-bank policy to combat a slower growth outlook.

The FTSEurofirst 300 index was up 0.2 percent at 0712 GMT, with top benchmark indexes in London, Paris and Frankfurt up 0.1 to 0.4 percent.

"(We) remain constructive on equities," Credit Suisse (Other OTC: CDSSF - news) strategists wrote in a note to clients. "We see global growth modestly accelerating...Moreover, further slowdown in China would, in our view, result in more monetary easing globally.

"The bad news we have revised down our earnings-per-share forecasts for 2015 and 2016 to 7 percent below consensus in Europe for 2015 and 4 percent below consensus in the U.S (Other OTC: UBGXF - news) . for 2016." (Reporting by Lionel Laurent; Editing by Jamie McGeever)