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FTSE blog: Markets make small gains in early trades

European markets have made modest gains in early trades as the look to recoup yesterday’s trading losses.

At 9.37, the FTSE 100 was up 0.8 per cent to stand at 5340.87, while the German Dax and the French Cac 40 were up 0.3 and 0.4 per cent respectively.

The FTSE fell almost 2 per cent on Wednesday on the back of concerns on Spanish debt. European markets fell across the board while in the US the Dow Jones was down 1.3 per cent at close.

Asian markets also saw falls overnight with the Nikkei 225 in Japan down 1.1 per cent and the Hong Kong Hang Seng down 0.4 per cent.

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