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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Shares bounce on China support, US interest rates set to rise, Russian default looms

European markets trading sharply higher on the day that US policymakers announce an increase in interest rates from their pandemic low.

The expected quarter point hike by the Federal Reserve comes with inflation running at 7.9% and set to go higher.

The mood was also helped by a recovery for Chinese tech stocks after lockdown restrictions in the southern city of Shenzhen had earlier forced shares significantly lower.

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