The Dow Jones shed almost 300 points in yesterday's session with sentiment knocked following Greek plans to hold a referendum on the European bailout plan agreed last week.
The Dow Jones and S&P 500 surged yesterday as market sentiment was lifted by US growth almost doubling in Q3.
The City of London is "under constant attack" from European Union regulations, David Cameron has said. Read more on this and the other top headlines in our round-up of the nationals.
US stocks advanced on Monday amid perceived progress in talks to resolve the eurozone debt crisis.
Dow Jones has launched blue chip indices designed to be European and Asian versions of the Dow Jones Industrial Average.
The S&P 500 closed up 3.4% overnight, boosting Asian shares and lifting the US index nearly 11% from lows seen last week.
The FTSE 100 made up some of the ground lost in recent days, gaining over 100 points in early trading, amid talk in Europe of plans to recapitalise the banking system.
The FTSE 100 has fallen as much as 3.5% as fresh eurozone concerns pushed the index down to the 4,900 mark.
The S&P 500 closed under 1,100 for the first time since September 2010 as eurozone ministers failed to reach a decision on the second phase of a bailout for Greece.
The Dow Jones has ended a three day winning streak, with investor sentiment taking a hit from losses in ‘safe haven' commodities.