Asian markets rallied overnight as Moody's mulled raising the ratings of some Asian countries, while investors pinned their hopes on an EU summit to solve the debt crisis.
European stock markets opened higher this morning ahead of a crucial eurozone meeting on Friday which could decide the future of the single currency.
German Chancellor Angela Merkel helped lift markets further today after revealing moves towards "fiscal union" in Europe were afoot.
The FTSE 100 has reversed this morning's losses to rise over 1% in afternoon trading - buoyed by a surge on Wall Street.
The FTSE 100 has seen its longest losing streak in eight years as investors continue to sell-off shares amid fears over the state of the eurozone.
European equity markets and the euro fell deeper into the red today as Germany failed to attract buyers to its latest government debt auction.
UK and European stock markets have recovered some of yesterday's losses after news the US has failed to agree a debt reduction plan sent global markets into the red.
The Financial Services Authority (FSA) has warned investors to be wary of a bogus firm trying to clone Sarasin & Partners.
Global markets fell this morning over fears the new Spanish government, instated over the weekend, will not be able to pull back its domestic economy from the brink of default.
Global markets were spooked by Spanish bond yields spiking to near-critical levels, with many indices posting losses of more than 1% overnight, and the FTSE 100 opening 1% lower this morning.