Daily market snapshot: Banks boost FTSE

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After falling on Tuesday, European markets opened up this morning boosted by banks and oil as investors await more corporate results.

Both the FTSE 100 and the FTSE Eurofirst 300 advanced 0.2% US stocks fell on Tuesday (S&P 500 -0.6% and Dow Jones -0.5%) mainly due to gloomy economic news as a disappointing report on housing starts overshadowed better-than-expected earnings data. US Treasuries gained, while oil dropped after reaching a one-year high. Market snapshots (at 11:28): FTSE All-Share: -0.77% FTSE 100: -0.75% FTSE 250: -0.99% Previous working day closing figures: Dow Jones: 10,041.48 FTSE All-Share: 2,696.31 FTSE 100: 5,243.40 FTSE 250: 9,486.28 Thoughts (with Henderson New Star) It has been sai...

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