Market volatility is continuing as London's leading index sees early morning gains.
Following sharp falls during the week, the FTSE 100 staged something of a comeback this morning, jumping over four percent. The index was up 165.16 points - or 4.28 percent - at 8.46 BST. This follows a fall of seven percent on Wednesday and a 5.35 drop on Thursday.
The morning's rally offers a glimmer of hope to investors, but experts have warned that further swings in share prices may be yet to come. "The volatility is unbelievable - I've never seen anything like it," David Buik of BGC Partners told the Guardian.
Some of the biggest gains were seen in the shares of energy and mining companies, which were pushed higher by an increase in oil prices. Financial shares also rose, with Lloyds TSB climbing over nine percent.
The positive data comes after gains were made in New York last night. The Dow Jones closed up 4.7 percent following a late rally. In Asia the Nikkei was up 2.78 percent.
According to a poll carried out by the Guardian, 40 percent of people believe their money would be safer stashed at home than invested in the stock market during the current economic climate.
But issuing a warning to investors thinking of withdrawing their money from the markets, Justin Urquhart Stewart from Seven Investment Management told the newspaper: "Now is the worst time to sell off; investors shouldn't look at the short term."
