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FTSE: Stocks off lows as firmer oil prices offset Chinese concerns

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    After a weaker start, European equity markets managed to bounce back by midday here in London as oil prices remained elevated after their sharp recent gains. Earlier, Chinese growth concerns had made an unwelcome return, dampening the mood lifted by the recent rally in commodities and hopes of more central bank support from the likes of the PBOC and ECB. At mid-day in London, Britain’s FTSE 100 was still down 0.8 per cent while the German DAX had trimmed its losses to about 1 per cent. This

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