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Rising 0.3% the index continued its preference for unexciting, but undeniably consistent, growth, briefly crossing 7330 just after the bell before settling back just above 7320. This despite some slight gains for the pound, with sterling rising 0.2% against the dollar, though it is still stuck below $1.22, and 0.1% against the euro, where it is struggling in the mid-€1.14s.

The FTSE likely could have managed something a bit more robust this morning if it weren’t for weak data from China weighing on the miners. With Chinese exports seeing their biggest yearly drop since 2009, down 7.7% across 2016, and imports falling a troublesome 5.5%, the likes of Rio Tinto and Antofagasta found themselves in the red as Friday got underway.

Over in the Eurozone there wasn’t really much to work with, though this didn’t stop the DAX and CAC rising by 0.4% and 0.5% respectively.

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Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Connor Campbell

Connor Campbell

Connor joined Spreadex in 2014 as part of a newly expanded financial analyst team after graduating from the University of Southampton with an MA in English. His focus is on providing Spreadex's customers with up-to-date and informative news, and is responsible for the market analysis found on the Spreadex website.

Connor produces three daily market updates, a daily stock earnings preview, a weekly financial market preview piece every Friday, a round-up of all the big financial stories making the weekend press every Monday morning and regular stock market features.

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