London's FTSE 100 overcame early losses to close higher on Tuesday as hopes...
UK markets also looked past disappointing data from China overnight that had added to fears of a global recession.
Speculation that the European Central Bank will cut interest rates this week and that the U.S. Federal Reserve will follow suit later this month in the face of slowing economic growth helped stoke some risk appetite. “Seeing as the ECB are tipped to go down the path of an interest rate cut, stocks are likely to be buoyant between now and the announcement,” CMC Markets analyst David Madden said.
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