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The last few weeks there has been major volatility in the markets that brought the indices down since July 19 and currently it looks as if it has found a bit of a base and is firming up, Dunay said.
That sent jitters through stock markets too, with share indices down around Europe.
Simon Denham, head of Capital Spreads, said: Equity markets were pretty much in the doldrums today with most indices down marginally from the highs of yesterday.
In Europe, the FTSE 100 is the worst performer of the main indices, down almost 1.4% or 92 points at 6,571.
We have seen further attempts to push indices down but end-of-year buyers appear to be returning in force, with European indices firmly off their lows and the FTSE 100 consolidating its hold above 6300.
After last week's volatility Chinese shares are falling again with all three main indices down between 3 per cent and 5 per cent after poor inflation data.
Similar(45)
The sell-off pushed the Shanghai and Shenzhen CSI 300 index down by 3.4%, leaving the wider Shanghai composite index down by 2.5%.
The action spooked investors, sending the three main stock indexes down more than 1 percent.
The second-straight day of declines brought the indexes down from their best levels of 2009.
The warning sent US indexes down, with shares of social media firms such as Yelp plunging.
Tech stocks have underwhelmed lately, with the Nasdaq index down 6.6% for the year.
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