Sentiment Hit by Chinese Rate Hike

The HeraldApril 06, 2011

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Summary


London's blue-chip share index struggled to make headway yesterday as a Chinese rate hike and fresh European economic woes hit investor sentiment.

World markets saw subdued trading after China moved to increase interest rates for the fourth time since October to calm inflation, while Moody's downgraded Portugal's debt rating for the second time in less than a month.

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Extract


Sentiment Hit by Chinese Rate Hike

The FTSE-100 index closed 9.9 points lower at 6007.1, with the Portuguese concerns putting ban...

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