European Markets Recover Slightly

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European markets have recovered slightly following a day where billions were wiped off the value of shares during mayhem on global markets.

London’s FTSE 100 index, which monitors the share prices of the 100 most valuable companies trading on the London Stock Exchange, was up 0.4% at lunchtime on Thursday.

Earlier, Japan’s main share index was down by more than 2% on closing.

Investors remain concerned over the on-going fall in oil prices and slowing growth in China’s economy.

On Wednesday, worldwide markets were hurt by substantial losses and London’s FTSE 100 closed the day down 3.5%.

As a result of this, it entered a “bear market”, having dropped 20% from its record high in April last year.

By midday on Thursday, the FTSE 100 stood at 5,695.32, a rise of 27.74 points for the day.

In Paris, the Cac 40 index stood at 4,139.19 points, up 0.35%, while in Germany the Dax index had risen 0.4% to 9,432.17.

 

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