Li Ka-shing

World stock markets stabilize as 'Brexit' anxiety eases

World stock markets rose on Tuesday after days of stomach-churning losses as investors started shaking off the jitters from Britain's vote to quit the European Union and its messy aftermath.

European benchmarks rose in early trading, with Britain's FTSE 100 up 2.5 percent to 6,131 and France's CAC 40 rising 2.6 percent to 4,088. Germany's DAX gained 2.1 percent to 9,462. U.S. stocks were poised to open higher. Dow and S&P 500 futures both rose 1.1 percent.

The pound recovered 0.8 percent to $1.3336 but was still near its lowest levels since 1985.

Uncertainty and anxiety over the economic fallout from the vote had roiled global financial markets since Friday and...