US equity markets have opened higher as markets react to better than expected US jobs data for September.
US markets recovered from initial falls on the opening bell as investors digested an ECB rate freeze and some positive US employment data.
US markets dropped on the opening bell as investors braced for three sets of unemployment data including Friday's September non-farm payroll figures.
The FTSE 100 made up some of the ground lost in recent days, gaining over 100 points in early trading, amid talk in Europe of plans to recapitalise the banking system.
The FTSE 100 has fallen as much as 3.5% as fresh eurozone concerns pushed the index down to the 4,900 mark.
The FTSE 100 has found support around the resistance level of 5,000 points as investors weigh up Greece's latest troubles.
News that Greece will fail to meet deficit reduction targets pushed the FTSE 100 down 2.8% at open, dragging it below 5,000 points.
The FTSE 100 has closed down 1.3% bringing its total loss for the quarter to 13.7%, its worst performance for nine years.
UK and European indices have opened 1% lower as markets look set to post bigger quarterly slumps than at the height of the Lehmans crisis.