European markets rally after worldwide plunge
Posted
European markets have had a better day, with analysts saying brokers are waiting for US trading to begin later this evening.
London's FTSE 100 nearly dropped another 4 per cent in the first few minutes of trading, but recovered and in the last hour was trading close to its opening level on the day.
In Paris the share market has stayed relatively level after big falls yesterday but in Germany, Frankfurt's main index is down around 2 per cent on the day.
It seems investors are tentatively looking to pick up some bargains after averting what threatened to be a second catastrophic day, after the London market yesterday had its worst single day drop since September 2001.
