Hike in ChinaâS Bank Reserve has Negative Effect On Ftse-100
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Summary
Britain’s top share index closed 0.7% lower yesterday as commodities and banks led the retreat over concerns that China’s move to tighten banks’ reserve requirements may slow global economic recovery.
The FTSE-100 index closed down 39.36 points at 5498.71, dropping back after hitting a 16-month intraday peak at 5600.48 on Monday.See the full content of this document
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Hike in ChinaâS Bank Reserve has Negative Effect On Ftse-100
China’s central bank surprised markets with a 0.5 percentage point hike in banks’ reserve requirement in a cl...
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