The FTSE 100 has started to recover during this morning's trading, after its first poor finish since the start of the year on Monday.
Emerging market stocks rose for the ninth day in a row today on increased investor confidence, driven by positive data from China and the US.
Lloyds Banking Group helped the FTSE 100 gain 6% over 2012 and reverse the losses of the previous year.
US stock markets saw a third consecutive day of losses following Barack Obama's victory in the presidential election this week.
Wall Street bounced back shortly after open today following a two day lock-down forced by extreme weather conditions in New York City.
Equity trading was suspended in the US today as Hurricane Sandy approached New York City with 70-mile an hour winds and a threat of an 11 foot sea surge.
Investors across Europe and the US are in flight-mode this afternoon, with US markets opening sharply lower as the weak corporate earnings season continues to plague sentiment.
A positive start to the third quarter earnings season has lifted equity prices higher on the major US and European markets.
Major European indices strengthened this afternoon as speculation over a Spanish bailout ramped up a notch.
Twenty-five years ago to this month, financial markets across the world went into freefall on a day that has come to be known as ‘Black Monday'.