Financial markets may have suffered in the correction that began in early May, but the worst now appears to be over. While investors still worry about higher interest rates and the clashes in the Middle East, markets have recovered a lot of the lost ground.

The S&P 500 index, for example, fell about 100 points between May 9 and its June 13 low and, by the close on Tuesday, had regained about 50 points. The FTSE World Index, having dropped 48 points between May 9 and June 13, has regained 22.