FTSE 100 CLOSE: Rally loses momentum despite Spain bailout news

June 2012
Fundweb;6/11/2012, p1
Trade Publication
The article reports that despite news of 100 billion dollars bailouts for Spanish banks, the FTSE Group's FTSE 100 index made no gains in the first week of June 2012. According to Dominic Rossi, global chief investment officer at Fidelity Worldwide Investment, the bailout will help the Spanish banking system, but the European sovereign debt issue is still not resolved.


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