Shares recover after rate cut news sinks in

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Shares recover after rate cut news sinks in

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10-09-2008, 09:46 PM

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Shares recover after rate cut news sinks in

Yesterday, several central banks including the Bank of England, the European Central Bank (ECB) and the US Federal Reserve announced they were to cut interest rates by half a percentage point in an attempt to boost the economy.However, the markets failed to respond to the news after London’s FTSE 100 closed down 5.18%, France’s Cac [...]

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