Bearish Traders Enjoy a Field Day ; Market Report

Daily MailJune 25, 2008

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IT WAS game, set and match to hedge funds as some of the City's more unscrupulous traders continued to cast a bearish spell over the London stock market.

Investors were yet again running scared as an early rumour that the Israelis had attacked an Iranian nuclear installation, although quickly denied, spread panic.

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Bearish Traders Enjoy a Field Day ; Market Report

The fragile Footsie reversed a 26 point gain within minutes and traded below 5,600 and 85 points lower.

Conditions thereafter remained nervous with talk that the US Federal Reserve could today raise American interest rates by ...

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