Canary wharf

The stock markets' post-EU referendum recovery hit a bump on Thursday as shares opened lower.

The FTSE 100 opened 0.7% lower at 6,316.87, with the more UK-focused FTSE 250 also down by a similar percentage. But the FTSE 100 index rose again by as much as 0.56% The FTSE 250 regained some of the morning's losses, but still stood 0.10% down.

The Frankfurt Dax and Paris Cac 40 both suffered sharp falls, but quickly recovered just below their opening levels, also rising above yesterday's close.

Japan's Nikkei 225 closed marginally higher at 0.06%, but Hong Kong's Hang Seng index was up 1.41%. In the US, the Dow Jones and Nasdaq closed 1.64% and 1.86% higher on Wednesday.

The FTSE 100 is now trading at around the level it was before the EU referendum result prompted two days of heavy falls. But the FTSE 250, which holds more UK-focused businesses and therefore is more affected by the UK economy, is still around 8% lower.

The value of the pound was broadly similar to Wednesday, trading at $1.3432 against the US dollar and €1.21 against the euro.