Equities in London subsided at the open as traders booked some of their recent rebound gains. Our Trader writer Neil Wilson says: 'Wall Street posted its first day of back-to-back gains in a month, as the US Senate got its act together and passed the $2tn stimulus package. But Asian equities have failed to carry through and US futures are weaker.
European shares opened a fair bit softer After moving briskly higher into the close yesterday to threaten the March 13th swing highs at 5700, the FTSE 100 came off 200 points, or 3.5 per cent, on the open to trade below 5500 before trimming losses and driving off the lows towards 5550. Near-term support emerges around yesterday’s lows at 5400.' For Neil's full write up click here.
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