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After dropping 2.3 per cent yesterday the FTSE 100 went up 41.26 points, or 0.8 per cent, to 5,408.06. However, it only traded 26 per cent of its 90-day average, according to Reuters.
Investors suggested that a substantial piece of positive news could bring the markets back to life, but as things stood trading was likely to continue in a subdued fashion.
Richard Hunter, head of equities at Hargreaves Lansdown, told the news provider that the summit in Europe had left many people disappointed and concerned.
"The temptation for investors to come back into the market before the year end now is really going to have to be a big one," he said.
Bloomberg noted yesterday that sterling was still trading strongly, increasing by 0.4 per cent to reach 83.85 pence per euro, as the British currency continued to be treated as a slightly safer option.
Posted by Greg Secker
