European Indexes Trade Lower
London: The FTSE 100 continues to trade lower at mid-session Thursday as rising interest rate concerns weigh on investors' minds. However, Wall Street is seen making a flat start after yesterday's heavy losses. The pound hit US$1.9926 after the BoE minutes yesterday showed a 5-4 vote to hold rates, with Governor Mervyn King being out-voted. UK real estate stocks fall - Segro (-4.17%), British Land (-2.96%), Land Securities (-3.46%). Crude pares losses to trade at US$69.56/bbl. Gold shines on bargain hunting, while copper is slightly weaker on a rise in stocks.
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