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...US stocks recovered from losses earlier in the session to close higher on the eve of the release of closely watched inflation data....
...Despite opening in positive territory on Monday, Wall Street’s benchmark swung to close 0.2 per cent lower as real estate, industrials and healthcare groups slipped....
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...The moves come ahead of eurozone inflation data due to be released later this week....
...Wall Street’s benchmark S&P 500 added 0.5 per cent shortly after the New York opening bell, with real estate and consumer cyclicals the best performing sectors....
...estate after the Easter recess....
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...Lucian Cook, head of residential research at estate agency Savills, warned any scheme that boosted buyer numbers would need to be matched with measures to increase the supply of housing....
...George Steer...
...UK stocks surrendered some of their earlier gains after the Bank of England left interest rates unchanged but warned that the battle against inflation was not yet won....
...Real estate groups were again among the best performing stocks....
...Europe’s benchmark stock index hit a four-month high, finishing the week on an up note as investors continued to bet that interest rates are set to fall in the first half of next year....
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...“When we were young, it wasn’t cool to be African,” says George the Poet, aka George Mpanga, in Have You Heard George’s Podcast?. Things have changed, he continues....
...George Parker is the FT’s political editor. Jim Pickard is the FT’s deputy political editor This piece was amended since publication to reflect that Gary Lubner moved to the UK 35 years ago....
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