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London stocks bounce back despite caution over Covid variants


London stocks bounce back despite caution over Covid variants
A woman walks down steps across from the City of London (Victoria Jones/PA)
London’s markets rebounded into the green as travel and leisure firms recovered some of their losses from the previous session.
Sentiment had wavered on Tuesday amid fears of the impact of new Covid-19 variants but concerns appeared to have settled among traders.
The FTSE 100 closed 35.42 points, or 0.52%, higher at 6,895.29 on Wednesday.
Michael Hewson, chief market analyst at CMC Markets UK, said: “After the big declines seen yesterday, European markets have recovered some of their poise today, with the travel and leisure sector looking to find a bit of a base after recent declines. ....

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