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FTSE 100 continues to outshine the competition as it tests 8,300
The FTSE 100 is right now the standout major European stock market index and clearly outperforming its major peers in the first hour of live trade. The index has come close to the 8,300 handle right now and it has received some decent earnings reports this morning from the food retail sector. Initially that did not seem to have a positive impact but gradually it has and notwithstanding the further falls in UK bonds this morning too. The Pound has also managed to bounce versus the dollar and the Euro since the last update on its progress. That was a prospect not ruled out in that prior update, but so far the 1.2300 level seems to be providing resistance to a further rebound. Anyway, the FTSE 100 is ignoring that moderate bounce and right now testing 8,300
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