The FTSE 100 and European stock markets opened higher this Wednesday after the worst single-day results in three weeks yesterday amid recession fears as investors brace for months of political uncertainty.

The London FTSE 100 Index (^FTSE) is trading up 98 points to 7123, up 1.4%, after falling nearly 3% yesterday. The German Dax (^GDAXI) rose 1.6%, while the French CAC (^FCHI) opened up 1.3%.

Sentiment was boosted by a recovery on Wall Street after global markets had previously experienced a severe bout of recession.

Naeem Aslam, chief market analyst at Avatrade, said: “Mood among investors and traders remains pessimistic as the threat of an economic downturn lingers. session, but closer to the close of the market we saw a huge recovery.