European stock markets recover after sharp losses

FTSE gained nearly 2% but Dow Jones recovery failed to last with index falling back by close to end more than 19 points down

European stock markets have rallied after sharp losses earlier in the week, with London’s leading share index gaining almost 2%.

The FTSE 100 index of the most valuable companies listed in London rose 138 points to 7,279 on Wednesday, still well below its all-time closing high of 7,779 on 12 January.

Related: Dow recovers from early falls as European shares rebound – as it happened

Continue reading…