June 29, 2007	Friday	Jamadi-us-Sani 13, 1428

LONDON, June 28: Europe's main stock markets rebounded on Thursday, mirroring a rally on Wall Street overnight. London's FTSE 100 index of leading shares rose 0.63 per cent to 6,568.80 points, a day after Gordon Brown became Britain's new prime minister.

In Frankfurt the DAX 30 index jumped 1.20 per cent to 7,895.09 points and the Paris CAC 40 won 0.90 per cent to 5,995.21.

The DJ Euro Stox 50 index of leading eurozone shares increased by 0.94 per cent to 4,453.45 points.

The euro stood at 1.3463 dollars. In New York, major US stock indexes ended higher Wednesday as Fed Reserve policymakers began meeting in Washington to review interest rates and the strength of the world's largest economy.

The Fed was expected to hold its benchmark federal funds rate unchanged at 5.25 per cent on Thursday, where it has been for a year.

In Europe, French IT and consulting group Cap Gemini was among the biggest risers, climbing 3.37 per cent to 53.14 euros in Paris on rumours that Indian software company Infosys was mulling a takeover bid for the group, dealers said.

Apple was Friday set to unveil its eagerly anticipated iPhone -- a single device which allows users to make phone calls, use the Internet and listen to music.

Across the Atlantic, the Dow Jones Industrial Average closed up 0.68 per cent at 13,427.73 points on Wednesday.

The tech-heavy Nasdaq jumped 1.21 per cent to 2,605.35 points and the broad-market Standard Poor's 500 index gained 0.90 percent to a close of 1,506.34.—AFP