FTSE loses gains for 2007 despite Wall Street's rise
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The FTSE 100 could not hold ground above the 6,200 mark on Wednesday, as Wall Street stocks edged higher in choppy trading.
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NEW YORK -- Wall Street suffered a sharp pullback Monday as investors returned from the Thanksgiving weekend with questions about the strength of the retail sector following a rare sales decline at Wal-Mart Stores Inc. The Dow Jones industrials fell 125 points.
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London equities stayed in neutral gear on Friday, after news of stronger-than-expected third quarter GDP growth dashed hopes of an interest rate cut in November.
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Ex-dividend stocks weighed on the FTSE in early trade in London on Wednesday as investors remained cautious ahead of Thursday&#39;s interest rate decision.
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London equities fell in opening trade on Friday, after big losses on Wall Street overnight fostered further concern about the health of the US economy.
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Despite strong news in the commodity sector, the FTSE 100 slipped back into negative territory right before noon, dropping 0.1 per cent to 6,307.3. Meanwhile, the FTSE 250 was up 0.4 per cent at 11,404.5.
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European stock markets have weakened in morning deals despite gains by Wall Street and in Asia owing to evidence that the US economy is stronger than expected.
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Wall Street stocks retreated on Wednesday after economic growth rose far less than expected at the end of last year, renewing fears the US economy is entering a recession.
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NEW YORK, Dec. 31 -- After a year of stomach-churning swings, U.S. stocks managed to finish 2007 with a modest gain despite a worsening credit crunch and concerns about an economy possibly headed for recession.
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The FTSE 100 closed firmer Friday, but off session peaks which saw the index hit a new 7-year intra day high, with financials putting in a strong performance amid hopes the long-running ABN Amro saga could be closer to a resolution.
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Wall Street is set to end 2007 with modest gains this week and kick off the new year with all eyes trained on jobs data for signs of recession that could make 2008 a hostile environment for stocks.
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Global stock markets slip on fears about China, with the UK's FTSE 100 posting its biggest drop in nine months.
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Britain's FTSE 100  index of leading shares reversed early gains on Thursday as commodity stocks weighed, but Cairn Energy  topped the leaderboard after a successful share placement.
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London stock markets moved higher on Friday, shrugging off Wall Street losses thanks to strength in mining groups and pharmaceuticals.
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Wall Street gave back some of its yearend gains Wednesday as continued weakness in the dollar prompted a spate of holiday-week profit taking.
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London equities closed with small losses on Friday, after a lacklustre morning on Wall Street took the shine off the market.
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Markets shrug off strong GDP, consumer price reports in light trading before the Christmas holiday. NEW YORK (CNN/Money) - Bonds edged lower Wednesday morning, erasing gains posted in the previous session, and