FTSE LIVE: Footsie rallies with Asian markets after Chinese inflation data relieves worries over global growth



08.15: The Footsie pushed higher in opening deals, recovering from a two-session losing streak as Asian markets bounced back thanks to some upbeat Chinese inflation data, which countered weak trade numbers from the country yesterday.
In opening deals, the FTSE 100 index was up 46.0 points, or 0.7 per cent at 6,723.70, having closed 46.27 points lower yesterday as weak China trade data and US rate hike worries weighed on commodity stocks.
US stocks ended lower overnight on the China trade data and Federal Reserve rate hike uncertainties, with financial stocks also weak ahead of a third... read more

 
14 October 2016 in Business, Views: 36
Source: Daily Mail
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