European shares rebound but stock markets remain edgy – business live

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

European markets are rebounding this after two days of wild swings, but investors are still nervous.

European stocks are tipped to bounce by at least 1% today, recovering some of Monday and Tuesday’s sharp losses.

That following a surprise late rally on Wall Street last night that saw the Dow jump by 567 points — its biggest gain since Donald Trump was elected US president.

Over in Asia, Japan’s Nikkei has crept higher over night, but there were further losses in China.

City traders are calling the FTSE 100 up 60 points today. That should please shareholders, until they remember that the blue-chip index shed almost 200 points on Tuesday, hitting a 10-month low.

(@Accendo_Mike)

#FTSE100 Index called to open +60pts at 7200 pic.twitter.com/jBNyyTVTlm

February 7, 2018

The other main European markets are expected to recover today as well.

And worryingly, the futures market is suggesting that US stocks could fall back later today. So, it could be another volatile day….

Here’s the agenda:

8.30am GMT: Halifax house price survey

1.30pm GMT: New York Federal Reserve chief William Dudley speaks at an event on Banking Culture in New York.

3.30pm GMT: The weekly US crude oil inventory figures