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FTSE 100 Closed Higher Despite Volatile Week
The FTSE 100 index closed up on Friday after a volatile week, surpassing 7,000 points once again. "The Monday selloff seems like a moment of brief panic, and while it was startlingly short-lived, it was enough it appears to reset sentiment and activity and prompt a resurgence of bullish momentum," says Chris Beauchamp, Chief Market Analyst at IG. Next week, first-half numbers from the banks and big pharmaceuticals will enliven the FTSE 100, Beauchamp adds.
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