The FTSE 100 kicked Wednesday trading off to an uncertain start, dropping sharply before climbing again to trade at 7634 points (0909GMT).
The markets suffered a bad start to the week on Tuesday after the long bank holiday weekend, as impending political crises in Italy and Spain weighed heavy on investors minds.
The possibility of an anti-European coalition government coming into power in Italy sent Italy’s markets – and the rest of Europe’s – down during the day.
However, Italy’s main share index rebounded on Wednesday as its stop-gap Prime Minister meets with the President in a new attempt to get a government approved. The FTSE MIB is up 197.69 points at 21,544.50.
Italy’s crisis also affects Asia on Wednesday, with the biggest stock indexes closing down for the day.
Japan’s benchmark Nikkei 225 finished down 1.52% to 22,018.52 points and South Korea’s Kospi lost 1.96% to end at 2,409.03 points.
Bodycote (LON:BOY), Premier Oil (LON:PMO) and Kainos Group (LON:KNOS) are the LSE’s biggest risers this morning, up 64.5 percent, 3.70 percent and 12 percent respectively. Photo-Me is the biggest faller so far, down 31.40 percent, followed by Gym Group and Sabre Insurance.
