European markets stabilize after falls
21 January 2016, Nirapad News: European markets have opened slightly higher, a day after global turmoil saw billions wiped off the value of shares.
After falling 3.5% on Wednesday, London’s benchmark FTSE 100 share index was up 0.5% in the first few minutes of trading, reports the BBC.
Earlier, stocks in Asia had fallen further, with Japan’s leading share index closing down by more than 2%.
Investors remain worried over the continuing slide in oil prices and slowing growth in China.
On Wednesday, global stock markets suffered hefty losses and London’s FTSE 100 entered a ‘bear market’, having fallen 20% from its record high in April last year.
But in the first few minutes of trade on Thursday, the FTSE 100 was up 31.78 points at 5,705.36.