Following the recent atrocities in Paris, shares in London were largely unaffected, though in Europe values fell considerably.
The FTSE 100 index did fall at the start of trading, primarily due to panic selling, but a 16.0 point gain mean that it recovered quickly.
However, shares in Europe did not perform as well: France’s Cac 40 fell by 1.0 per cent, while Germany’s DAX dropped by 0.7 per cent.
Tourism and airline stocks have suffered the most significant declines in share value, with IAG – the owner of British Airways – recording a 13.5p drop while Tui’s shares fell by 44.0p.
Economies across the world are struggling to recover following the financial crisis, with oil prices and China’s slowdown contributing to a growth stall.
It has also been confirmed that Japan, meanwhile, which is the third largest economy in the world, has entered a period of recession for the fourth time in the last five years.
Furthermore, traders are concerned that America will raise its interest rates in the near future, though this could be delayed following news about Japan, combined with other worldwide marketplace conditions.
The current state of Eurozone economies means that the value of the euro has fallen against the British pound and the dollar – by 0.8 per cent against the latter to $1.0687.
While the UK continues to experience economic recovery, despite being at a slightly slower rate than expected, it is believed that the European Central Bank will have to create billions of pounds of euros for quantitative easing purposes across the continent.
However, this could have an impact on the UK’s exports, with Europe and companies trading in the euro being a major client market.