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Interest fears push FTSE into red.
Publication: Europe Intelligence Wire Publication Date: 31-MAY-06 |
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COPYRIGHT 2006 Financial Times Ltd.
(From Newsletter)
Traders in London were manning the trenches yesterday as share prices on both sides of the Atlantic suffered a fresh battering.
Shareholders saw pounds 34.3 billion evaporate before their eyes as the FTSE 100 Index tumbled 139 points to close at 5652.
A combination of fears over rising interest rates and inflation in the United States as well as a weaker dollar drove markets on both sides of the Atlantic lower,...
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