Britain’s Stock Market Stages Recovery, Europe Too

stock market

From Reuters:

LONDON, Aug 25 (Reuters) – Britain’s top share index jumped on Tuesday, recovering some of the ground lost in the previous session when it hit multi-year lows on concerns about China’s economy.

The blue-chip FTSE 100 was up 2.8 per cent by 0827 GMT.

The index closed down 4.7 per cent on Monday, dropping to its lowest level since late 2012, with all stocks but one in the red and miners leading the slide on growing fears of a China-led global economic slowdown.

“In much the same way as we had a broad mark down yesterday, we’ve had a broad pull up today,” said Richard Hunter, head of equities at Hargreaves Lansdown.

“It’s possible that the market is now considering that it might have overshot slightly yesterday.”

Read the rest of Liisa Tuhkanen’s piece here.