By Thierry Laduguie | Tuesday 28 July 2015
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The index was unable to rally yesterday, despite the deep retracement. This time it was China’s stock market mini crash that sent shockwaves around the globe. I have warned many times that if the sell off in China continues, global stock markets will go down. The FTSE is ready to rally but we need to see an end to the Chinese stock market slide, at least temporarily. This would give a boost to the FTSE.
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