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Friday, January 30, 2015

FTSE slips ahead of US data while BT falls on pension top-up

Leading shares ignore Wall Street rally as Greek worries continue to unsettle investorsA rise in mining shares and a positive note on Dixons Carphone is not enough to enthuse investors, with leading shares edging lower in early trading.The FTSE 100 has fallen 26.01 points to 6784.59 ahead of US GDP datal, with worries about the eurozone still unsettling investors, and despite an overnight rally on Wall Street. Mike McCudden at Interactive Investor said: As we see out another volatile week for equities, strong economic and corporate data from the US is likely to lift the mood of battle weary investors. However, as we look towards US GDP data later today, investors will be mindful the more good news will signal a rate hike sooner rather than later. Furthermore, with the Asian markets thoroughly unconvincing and the euro zone waking up to a Greek headache as the QE euphoria wears off, investors may be well advised to keep their powder dry and await the next fall. Continue reading...


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