A poor session in Asia this morning and unconvincing display on Wall Street overnight weighed on the FTSE 100 as it opened four points down at 5,673.
Shares pulled back further on Wednesday following a blow for miners and lacklustre performances on Wall Street and in Asia.
The FTSE 100 rose 0.9% to 5,791.10 in early morning trading as a weaker US dollar provided support for mining stocks.
The FTSE 100 rose 0.5% to 5,757.22 in early trading, despite negative company announcements across various sectors.
UK equity markets and sterling were largely unfazed by today's Spending Review with investors unsuprised by the level of the cuts.
The FTSE 100 had a slow start to the week, down 0.32% or 18.43 points to 5,684.94, following mixed sessions in Asia and the US.