The FTSE continued to fall in morning trading on Wednesday following yesterday's massive sell-off in global shares on escalating fears about the economic recovery.
Every single market movement and utterance from an economic sage is being met with speculation about the dreaded double-dip.
The FTSE 100 was up 0.18% to 5,204.65 in early trading as bid activity in the financial sector boosted the index.
The FTSE 100 and other major global indices are in sharp decline today on the back of poor US unemployment data.
Britain's leading share index has fallen back into the red after enjoying modest gains in early Thursday trading.
The Dow Jones has made steady gains on the back of positive US economic news, allaying fears of a slowing economy.
Which major index has been able to generate a return for investors since the beginning of the credit crunch?
The FTSE 100 opened higher, up 0.26% or 13.87 points to 5,289.31, supported by M&A activity in the resources sector.
Insurers rallied on Friday following speculation over bid interest in Aviva's general insurance business.
The FTSE 100 has slid more than 2% lower this afternoon after US markets suffered even sharper losses in early Wednesday trading.