Markets volatile on mixed signals from Fed

Hopes of a US interest rate cut saw European markets open strongly today, although gains had fizzled out by lunchtime.

Hopes of a US interest rate cut saw European markets open strongly today, although gains had fizzled out by lunchtime.

London's blue-chip FTSE 100 index added as much as 21 points this morning, hitting an intra-day high of 6,153.

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