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The FTSE 100 ended down 84.93 points, or 1.3 percent, at 6,270.44, its
lowest close since Feb. 8. Some strategists, however, reckoned any
losses would be short-lived.
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U.S. Treasuries were steady on Tuesday, keeping yields at one-month
lows, as remarks by Federal Reserve Chairman Ben Bernanke reassured the
market the Fed would keep buying bonds and worry about the euro zone and
U.S. spending cuts fed a bid for safe-haven U.S. debt.
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Three-month copper on the London Metal Exchange had climbed 0.74 percent
to $7,916.50 a tonne by 0125 GMT, adding to small gains from the
previous session.
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London copper rallied on Wednesday after the U.S. Federal Reserve
reassured investors of its commitment to loose monetary policy, helping
prices pull away from two-month lows hit the session before.
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