FTSE 100 Index rebounds after global stock sell-off

FTSE 100 Index has bounced back from a brutal sell-off that wiped trillions of pounds off global markets in response to fears that rising inflation could spark interest rate hikes.

The FTSE 100 Index was up 56.61 points to 7,202.73 shortly after the market opened, breaking its losing streak and helping it recover from a plunge on Tuesday when blue-chip stocks saw nearly £50 billion lopped off their value.