(Updated at 10:45am) Stock markets across Europe began picking up the pieces on Tuesday following yet another mass sell-off which was sparked by fresh recessionary fears and saw London's FTSE index close 3.5% down and major indices in Germany, France and Italy fall 5%.
In early trading, the FTSE 100 is 80 points, or 01.5%, higher at 5,181, while Germany's Dax and France's Cac 40 are both 1.3% higher. It follows heavy falls on Monday as fresh concerns about Europe's debt crisis and evidence of a continent-wide drift towards recession prompted investors to dump equities. In London, banks were particularly hard-hit. Asian markets followed suit overnight, with Japan's Nikkei 225 index falling 2% and Hong Kong's Hang Seng losing 1.4%. US markets were closed for Labor Day. Adding to poor investor sentiment on Monday was the publication o...
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