Ammon News - US shares opened higher on Tuesday as an uneasy calm returned to global markets after days of sharp falls.

The technology-heavy Nasdaq, the Dow Jones Industrial Average and the S&P 500 all closed higher.

It followed subdued trading in the UK and Europe with London's FTSE 100 initially rising before falling back.

In Japan, the Nikkei 225 stock index jumped by 10.2%, or 3,217 points in its biggest one-day gain in points, after the previous day's plummet.

The stock market rout began on Friday following disappointing US employment figures for July which showed that the jobless rate rose, sparking fears of a recession.

There has also been concern that shares in big technology companies - particularly those investing heavily in artificial intelligence (AI) - have been overvalued and some of those firms now face difficulties.

Reuters