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The Latest: European markets enjoy modest bounce at the open

A man looks at an electronic stock board showing Japan's Nikkei 225 in Tokyo, Friday, Feb. 12, 2016. Asian shares fell Friday, with Japan’s Nikkei 225 index tumbling more than 5 percent following a sell-off in European and U.S. markets. (AP Photo/Eugene Hoshiko) A man looks at an electronic stock board showing Japan's Nikkei 225 in Tokyo, Friday, Feb. 12, 2016. Asian shares fell Friday, with Japan’s Nikkei 225 index tumbling more than 5 percent following a sell-off in European and U.S. markets. (AP Photo/Eugene Hoshiko)

By Associated Press February 12, 2016 1 min read

LONDON (AP) – The latest on the turmoil afflicting global financial markets (all times local):

8:20 a.m.

European stock markets have opened higher following a rebound in the price of oil and despite another slide in Japan’s main stock index.

Soon after the open, the FTSE 100 index of leading British shares was up 1 percent at 5,591 while the CAC-40 in France rose 1.6 percent to 3,960.

The increases, seen across Europe, come at the end of what’s been a tumultuous week in financial markets with investors fretting over the scale of the global economic slowdown and the ability of banks to weather the storm. Those concerns still weighed heavily Friday on Japan’s Nikkei index, which fell 4.8 percent.

One reason why sentiment has improved in Europe is that oil prices bounced back from 13-year lows. A barrel of benchmark New York crude was up 3 percent at $27.