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Reply #70: U.K. stocks rise after nine sessions of losses [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-11 10:08 AM
Response to Reply #7
70. U.K. stocks rise after nine sessions of losses
http://www.marketwatch.com/story/uk-stocks-drop-extendi...

LONDON (MarketWatch) Britains benchmark stock index turned higher in afternoon trade on Friday, as bargain hunters stepped in after nine consecutive sessions of losses.

The FTSE 100 index /quotes/zigman/3173262 UK:UKX +1.21% rose 1% to 5,175.67 after trading lower for most of the session. The index has ended lower for nine consecutive trading days, during which it has lost 7.5% of its value.

Other European stock markets also reversed course to trade higher. Earlier, sentiment had been dented by news that Italy sold 8 billion euros ($10.7 billion) of six-month bills, but the yield soared to a euro-era high.

Bank shares were among the top gainers in the FTSE, with Royal Bank of Scotland Group /quotes/zigman/530544/quotes/nls/rbs RBS +9.46% /quotes/zigman/155978 UK:RBS +4.17% up 4.3%, Lloyds Banking Group /quotes/zigman/126322 UK:LLOY +2.43% /quotes/zigman/255656/quotes/nls/lyg LYG +5.97% up 2.3% and Barclays PLC /quotes/zigman/152323/quotes/nls/bcs BCS +5.52% /quotes/zigman/301787 UK:BARC +1.57% up 2%.


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