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Stocks rally on oil, central bank support as FTSE tries to break out

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    European equities have rallied this morning, with traders shrugging off a weaker performance on Wall Street last night and overnight data which showed China’s factory activity weakened to its lowest level since November 2011. In Europe, the latest macro data suggests recovery remains subdued in the Eurozone, although there was some good news for the German labour market. Sentiment in the stock market has clearly been boosted by the recovery in oil and metal prices, which has helped to underpin

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