US markets fell over 2% in early trading today on the back of figures showing no jobs were created in August.
The FTSE 100 has opened 3% higher after the Dow Jones added 250 points overnight on better retail data and news of a Greek bank merger.
US markets moved lower in the immediate aftermath of Ben Bernanke's Jackson Hole speech after the Fed chairman made no firm commitment to further stimulus.
The Dow Jones has regained some of the ground lost yesterday as positive export data boosted the market.
Gold soared above $1,900 for the first time overnight as investors continue to flock to the precious metal amid ongoing turmoil in financial markets.
Global markets have made an encouraging start to the week, with the US opening up sharply, following in the footsteps of the FTSE 100.
US markets have opened lower as investors take a dim view of Hewlett Packard's latest acquisition and send its shares down 20%.
The UK's index of 100 leading shares fell 2.76% to below 5,000 this morning, as global markets showed no signs of shaking off fears the West is heading back into recession.
Global markets are down this morning as investors vent their concern at eurozone leaders' "disappointing" efforts to stop the debt crisis.
US investors jettisoned shares in early trading following a warning from consumer giant Walmart.