Global markets partly recover but analysts fear ‘we’re not out of woods’

A trader at the New York stock exchange. On Wall Street, the Dow Jones edged up by 1.2% in early trading. Photograph: Xinhua/Rex/Shutterstock

Shares on Wall Street rose and many Asian and European markets staged a recovery after this week’s global stock market rout, but analysts warned: “We might not be out of the woods.”

The FTSE 100 index in London rose 18 points, or 0.2%, on Tuesday to close at 8,026.69, after losing 166 points, or 2%, on Monday, its biggest one-day points drop in more than a year.